Agriculture banks are reporting higher profitability

Banks focusing on agriculture loans are reporting higher profits recently.

Researchers at the University of Illinois crunched the numbers and found that ag banks on average have a return on assets at 1.07 percent, which is compared to non-ag banks at 1.03 percent.

They also found ag banks are more efficient, too, with the efficiency ratio up several points during the fourth quarter.

LATEST STORIES BY THIS AUTHOR:

Foreign trade partners, such as China and the European Union, are still purchasing U.S. commodities, but are becoming more cautious as the Trump Administration’s tariff deadline approaches in August.
Demand for farm loans surged in the first quarter of the year, topping the previous record set in 2016.
Congress is seeking insight from meteorologists and weather researchers on how new technology can enhance safety and response times to severe weather and prevent future disasters.
Labor Secretary Lori Chavez-DeRemer says the labor program will now be fully under her department, and consolidation will make the program more affordable and efficient for farmers and ranchers.
FarmHER Kait Thornton joined us on Thursday on the Market Day Report to talk about the podcast episode, her family orchard’s 100th anniversary + more!
Tennessee FarmHER Bridget Bryant’s porch garden evolves into a sprawling community outreach project that provides fresh produce to those in need and teaches urban kids how to grow their own food.