Continued low prices weaken financial stability of farmers
With the agricultural downturn persisting into its fourth year, many Iowa farmers will need to become more proactive about working with lenders and others to address their long-term financial situations, according to lenders who spoke last week at a land values conference at Iowa State University (ISU).
The year-on-year trend of low commodity prices has started to take a toll on many once-sterling farm balance sheets, said Mike Hein, vice president of Liberty Bank and Trust in Durant, who was on a lenders’ panel at the ISU Soil Management and Land Values Conference.
"I think that 2017 is going to be a critical year, especially from a balance sheet perspective," Hein said. "It’s certainly not everybody, but we...
Members Only Content
Join Iowa Farm Bureau or login to view all members only content and receive other member benefits.