IARN — Things were looking up as we were entering 2020. Trade deals were done, or at least the agriculture portions were completed. We were ready for a new growing season. Some of our sectors were looking at increased stability for this year. Even more impactful was the fact that financial institutions were feeling like agriculture was turning a corner and back on the rise. Then, just as 2018 and 2019 did, 2020 came out swinging. Now some Ag lending execs are a little concerned with the trend which they are seeing develop.
Last week, the heads of several Farm Credit institutions took a look at the current barometer of Ag lending. Tracy Sparks is the President and CEO of Yosemite Farm Credit in California. She says that despite the challenges farmers have faced, their outstanding loans are in good condition. However, she is concerned with a change coming to that trend.
For more on this story, including comments from Tracy Sparks, visit the Iowa Agribusiness Radio Network.