Credit quality, climate action may affect ag in 2021

Through the United States Department of Agriculture, farmers were able to use CFAP to provide income assistance due to pandemic-related losses in the marketplace. As of November 15, there were more than 1.2 million approved applications for over $21 billion. There are a lot of unknowns as we look ahead to 2021 and it is difficult to predict what the world may have in store for agricultural banking. It might help if we look at many of the issues that are always at the forefront for agricultural bankers. [Continue]

COVID-19 roils the ag economy

Although farmers and ranchers are resilient and used to adversity, all aspects of their lives and industries have been affected to some degree by COVID-19, whether mentally or physically. Here, regional ag banking experts way in on the impact of the pandemic and the economic downturn have had on the country’s ag industry. [Continue]

Agricultural roundup

Rows of soy plants in a field

In late 2019, when ag bankers reflected on the year and forecast expectations for 2020, they foresaw classic perennial challenges: bad weather and low commodity prices. What 2020 actually delivered would have been hard to predict. No one has been immune from the struggles the COVID-19 pandemic has wrought on the nation’s health or the economy, including farmers and their community banking partners. [Continue]

Recent wet weather puts a damper on ag

“Weather has been one of the big issues [in 2019] that has impacted agriculture. It started in the spring and did not let up all year. … The growing season saw plenty of struggles with wetness and cool temperatures. Finally, the delayed harvest due to slow growing conditions, wetness, early snow and liquid propane shortages all added up to an extremely difficult year for crop enterprises.” [Continue]