Despite a shaky economy, commercial ag lenders say they have been having a good run lately.
Analysts with the University of Illinois found in the fourth quarter of last year, commercial banks specializing in ag lending reported a higher return on average assets. They also found they are more cost-efficient than non-ag banks.
The banking sector is still resilient overall, but Fed Chair Jerome Powell warns the outlook is uncertain because of high inflation.
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For farm country, that caution can mean higher costs, slower service, and less local investment.
The latest USDA price projections are raising new questions about crop payments and ARC calculations.
