Farm operating debt surged in 1Q

Non-real estate farm loans increased 15 percent in the first quarter of the year, a 15 percent increase from last year and the largest such increase since the late 1970s, according to Federal Reserve Bank of Kansas City Economists Francisco Scott and Ty Kreitman. [Continue]

New MBA chair cites need to share industry stories

Andy Schornack started a one-year term as Chair of the Minnesota Bankers Association on Tuesday, June 11, when he accepted the gavel from Doug Tate of Worthington Federal Savings Bank, who concluded his term as 2023-24 chair. [Continue]