Farmers cut costs, borrow less, in response to low profit margins
Pinched by continued declines in farm income, producers are tightening their belts this year rather than borrowing money from the bank, says a quarterly report by the Federal Reserve. The volume of new non-real-estate loans issued by ag bankers from January-March was down 16 percent compared to the same period in 2016, and it followed… » Read More
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