A new report shows the top concern facing ag lenders heading into next year is interest rates.
The Ag Lender Survey shows nearly half of those who responded ranked interest rate volatility as number one, which is up 35.5 percentage points from last year. It shows interest rates have boosted bank net interest margins, but fears of weakening loan demand and strong competition are expected to cut into yields.
Most lenders surveyed say farm profitability increased over the last year but it still remains below the prior average.
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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.
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Callahan is no stranger to agricultural trade and has been with the U.S. Trade Representative’s office since 2016.
