(NAFB) — Growth in the average size of farm operating loans boosted agricultural lending in the second quarter of 2019. A Kansas City Federal Reserve Bank report shows the volume of loans increased 11 percent compared with 2018. The pace of growth is the fastest in the second quarter since 2011. Operating loans continues as the majority of non-real estate …
New National Poll Shows Impacts of Rural Economy on Farmer Mental Health
A strong majority of farmers and farmworkers say financial issues, farm or business problems and fear of losing the farm impact farmers’ mental health, according to a new national Morning Consult research poll. Sponsored by the American Farm Bureau Federation in recognition of May as Mental Health Month, the poll surveyed rural adults and farmers/farmworkers to better understand factors affecting the …
Farm Bank Lending Rises to $108 Billion in 2018
U.S. farm banks increased agricultural lending by 5.3 percent, or $5.5 billion, to $108 billion in 2018. The American Bankers Association recently released its annual Farm Bank Performance Report. The report found that in 2018, farm banks’ asset quality remained healthy and non-performing loans stayed at a pre-recession level of 0.52 percent of total loans. The report is an analysis …
Farmland Values Stable, but Risks to Outlook Remain
Farmland values in the Federal Reserve’s Tenth District held steady in the fourth quarter of 2018 despite risks to ongoing stability, according to the Kansas City Fed’s quarterly Agricultural Credit Survey. While demand for farmland remained relatively strong across the district, weaknesses in the crop sector continued to dampen the overall agricultural economy. The report says that risks to the …
Farm Income Down 20-Straight Quarters
The Midwest and the Mid-South parts of the country saw farm income decline in the fourth quarter of 2018. In spite of the pressure on farm incomes, the value of quality farmland, ranchland, and pastureland rose. Those observations come from the latest Agricultural Finance Monitor, which is published by the Federal Reserve Bank of St. Louis. The 22 agricultural banks …
USDA to Gauge Financial Well-Being of Farmers and Ranchers
Beginning in late December, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will spend several months gathering information about farm economics and production practices from farmers and ranchers across Alabama, Florida, Georgia and South Carolina, as the agency conducts the third and final phase of the 2018 Agricultural Resource Management Survey (ARMS). “ARMS is the only survey that …
70 Percent of Farmland to Change Hands in Next 20 Years
Farmers National Company says 70 percent of farmland will transfer ownership over the next 20 years. The transfers will occur by sale, will, trust beneficiary or gifts, according to the company. For farm and ranch operations, land is by far the most significant asset in this transfer of wealth. Over the next five years, ten percent of the 911 million …
Agri View: BFTP-Selling Directly to the Consumer
In this Blast from the Past episode of Agri View with Everett Griner, Everett talks about more farmers are learning about selling their products directly to the consumers in today’s Agri View. BFTP-Selling Directly to the Consumer Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Agri View: Farm Income Declined…Again
Everett Griner talks about this, the 4th consecutive year, farm income has declined in today’s Agri View. Farm Income Declined…Again The average farm income is expected to decline again this year. According to USDA, this is the fourth consecutive decline. One source put the loss at 16 thousand dollars per family. It doesn’t matter if it is soybeans or cattle. …
Agri View: Mixed Commodity Prices
Everett Griner talks about seasonal changes having an impact on commodity prices in today’s Agri View. Mixed Commodity Prices You know, it’s not just the tariff situation that has an impact on agriculture and the farm economy. There is farm credit. Some high-up officials, that deal with the problem every day, are inclined to believe that high interest rates and …