The outlook for agricultural credit conditions in the Tenth District improved in the third quarter alongside increases in commodity prices and the announcement of additional government aid.
Farmland values for the Seventh Federal Reserve District were up 2% in the third quarter of 2020 from a year ago, given support from lower interest rates, additional government payments and some rising agricultural prices.
As much as the farm equipment industry has benefited in recent months from replacement demand, trouble may loom ahead if farm incomes and investment spending keep falling.
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In this episode we look at the potential impact Hurricanes Helene and Milton will have on ag production as well as the dealers and manufacturers in the impacted region.