Nov 9, 2022

Ag bankers say farmers are more profitable in 2022
KGFW – 1340AM | 96.1FM

By: Larry Lee

The nation’s agricultural lenders say farm profitability is up this year but they expect financial conditions to deteriorate in 2023

Jackson Takach

Farmer Mac chief economist Jackson Takach tells Brownfield with last year’s government programs and the current commodity prices, ag bankers are confirming that more farmers are showing a 2022 profit. “We saw a big uptick in the profitability level of farmers, so we have to question what percentage of your customers are going to be profitable this year, and on average, the response was 82%.”

And, Takach says it’s not just the commodity prices that are giving ag lenders a positive outlook.

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