Rising Concerns: What ag leaders warn is their top worry heading into next year

interest rates_financial graph on technology abstract background_Photo by monsitj via Adobe Stock_190463205.jpg

Photo by monsitj via Adobe Stock

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.

Related Stories
John Mays with Central Life Sciences joins us to discuss the importance of pest management ahead of wheat storage and how protecting grain quality can support stronger marketing opportunities.
University of Arkansas researchers are working to help farmers reduce grain waste and get more value out of their crops.
ASFMRA’s Luke Worrell joined us to discuss farmland market trends, insights from the Illinois Land Values Conference, changing buyer and seller demographics, and the latest outlook on planting progress.
Roger McEowen joins us to explain the USDA appeals process and how farmers should navigate adverse decisions and crop insurance disputes.
Louisiana soybean farmers are moving quickly to get this year’s crop planted during a key window for yield potential.
Higher input costs are making flexible marketing plans and updated break-even targets more important.

LATEST STORIES BY THIS AUTHOR:

Monday, 8/7/23 – 10 PM ET | 9 PM CT | 8 PM MT | 7 PM PT
Meet the kids behind the Summer Market Lamb Show in Montgomery County, Tennessee, and hear why they would rather spend their Saturdays showing lambs than doing anything else!
On this episode of The New Crop’s Learn to Grow, Misilla discusses how to building and improve soil health in your organic garden.
Take a tour of Misilla’s late spring garden on The New Crop’s Learn to Grow!