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.
Related Stories
Farm CPA Paul Neiffer outlines the key difference between previous ECAP payments and the Farm Bridge Assistance Program.
NRECA CEO Jim Matheson reacts to the U.S. House’s passage of the SPEED Act, which aims to streamline federal permitting for energy and infrastructure projects, and discusses its potential impact on rural communities.
Weather-driven transportation disruptions can tighten logistics, affect basis levels, and delay grain movement during winter months.
Lower milk prices may pressure margins, but strong cattle values could soften near-term financial impacts.
USDA Undersecretary Outlines Farm Bridge Assistance Program, Responds to Call for Ag Trade Expansion
USDA Undersecretary Luke Lindberg outlines the Farm Bridge Assistance Program and responds to calls from lawmakers and ag leaders for more assistance and expanded trade opportunities for farmers.
Callahan is no stranger to agricultural trade and has been with the U.S. Trade Representative’s office since 2016.
