A new poll of senior leaders from Midwest Farm Credit lenders shows commodity prices as the greatest challenge facing their customers. Farm Credit lenders are responding to this by providing services to restructure the financial situations of their customers. In addition, in a new AgriThought report, Jerry Lehnertz, senior vice president of Credit at AgriBank, examines the challenging farm economy and how lenders are helping farmers navigate it.
The poll’s results showed that 69.1 percent of senior credit and risk officers from the 17 Farm Credit Associations in the AgriBank District selected commodity prices as the top challenge. The next biggest challenges were input costs, credit availability and adverse weather effects. [Read more…]