rural mainstreet

Current Farm Downturn Not Likely to Reach 1980’s Crisis

Dan Economy

A report by a Farm Credit Administration economist told the Administration’s board members last week that the current downturn in the farm economy is not likely to reach a 1980s-style crisis. Farm Credit chief economist Stephen Gabriel said the “likelihood of this is very low,” adding that a confluence of adverse factors led to the crisis that occurred in the …

house ag

Pace of Young, Beginning and Small Farmer Loans Slowing

Dan Economy, Industry News Release

In 2016, the pace of new lending to Young, Beginning and Small Farmers, or YBS loans, remained relatively flat, according to a new report by the Farm Credit Administration. Regarding dollar volume, the pace of these loans slightly exceeded the pace of overall farm lending by Farm Credit System institutions. In terms of loan numbers, the pace of YBS lending …

Farm Credit Officials Encouraging Help for Struggling Borrowers

Dan Economy

Farm Credit Administration and Farm Credit bank officials told House Agriculture Committee lawmakers the system is sound, making credit available on flexible terms, and only technical tweaks and a strong safety net are needed in the next farm bill. But FCA Chairman and CEO Dallas Tonsager says the bigger issue seems to be the deteriorating creditworthiness of producers…