Minneapolis Fed: Government Aid, Low Interest Rates Reduce Farmer Stress

Despite years of persistently low commodity prices and the COVID-19 pandemic, the mood of some Ninth District agricultural bankers is surprisingly upbeat, according to a recent Federal Reserve Bank of Minneapolis survey. “Most farm customers [are] coping with low prices better than expected,” said a Wisconsin lender, one of several respondents reporting that federal aid programs and low interest rates have taken some stress off agricultural producers.

The Minneapolis Fed’s second-quarter agricultural credit conditions survey…

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