The top concern facing agricultural lenders going into 2023 is interest rate volatility, according to the 2022 Agricultural Lender Survey report. The report announced this week is produced jointly by the American Bankers Association and Farmer Mac. Nearly half of respondents ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year. While rising rates …
Farm Profitability Still Down, But Improving
A new survey of bankers shows 82 percent of agricultural lenders reported a decline in farm profitability in the last 12 months. However, the pace of the decline has slowed. The survey produced by the American Bankers Association and Farmer Mac shows 51 percent of agricultural lenders noted an increase in the demand for agricultural operating loans, while there was …