Agriculture is facing delicate economic conditions this year with signs of continued financial pressure, although most farmers remain in a solid fiscal position and can weather challenges in the short term, according to Nate Kauffman, senior vice president and Omaha branch executive with the Federal Reserve Bank of Kansas City.

Kauffman characterized current conditions as “tenuous,” with financial data showing both recent strength but signs of softening.

“I tried to choose that word deliberately because I think that it reflects conditions that may appear stable, but if you dig into the details, it may be a bit sketchy,” Kauffman said May 21 at the 97th annual Soil Management and Land...