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 a new “AgriThought” report, Jerry Lehnertz, senior vice president of Credit at AgriBank, examined the challenging farm economy and how lenders are helping farmers navigate it.
The polls results showed that 69.1% of senior credit and risk officers from the 17 Farm Credit Assn. institutions in the AgriBank district selected commodity prices as the top challenge, followed by input costs, credit availability and adverse weather effects.
When asked about the supp…
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