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Farm Lenders See Silver Lining

Farm credit lenders see a ‘silver lining’ in agriculture, despite the downturn of the last several years, and continuing trade and government shutdown challenges.

 

There’s no question below-break-even commodity prices, trade war tariffs and shut down government services are squeezing producers — some, to the breaking point.

 

But, if there’s any silver lining, it’s that most producers are better off today than they were during the 1980s farm crisis.

 

Omaha’s Frontier Farm Credit CEO Mark Jensen…

 

 

Though the industry’s Farm Credit Council reports debt has still risen, as commodity prices have fallen and a quarter to a third of Midwest grain producers may fail to break even this spring.

 

North Dakota’s AgCountry Farm Credit CEO Marc Knisley…

 

 

Knisley added...

 

 

Farm Credit officials say their industry is also more financially secure today, able to help producers in more ways, including principal deferment, capital investment, and disaster help…with an eye toward greater ‘forbearance’ during the current crisis.

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