Finances continue to struggle in the Midwestern corn belt due to bad weather, weak commodity prices, and trade disruptions.
That’s according to the 7th District Federal Reserve Bank that covers 5 Midwestern states. Further north, the 9th District Bank reports corn & soybean production are down 10 to 20 percent in the states it covers. The Saint Louis Bank also reports lower production in Missouri and Arkansas and notes a relatively pessimistic outlook coming from its members.
