National Ag News

An Illinois lender says “the farm economy is preparing to shed the next layer of farmers”, those who cannot sustain “the current debt load and family living costs” or those nearing retirement age. The St. Louis Federal Reserve Bank – in its quarterly survey of ag bankers – had asked what level of interest rate would slow down farmland sales. According to the fed, that same Illinois ag banker said “overall farm profitability” would be a bigger driving force than rising interest rates.

Continue reading Ag lenders report further declines in 7-state district at Brownfield Ag News.