By Mike Estadt, Ag/NR Educator, Pickaway County and Chris Zoller, Ag/NR Educator, Tuscarawas County
The American Bankers Association is a membership association comprised of small, regional, and large banks that account for nearly $11 trillion in loans and $17 trillion dollars in deposits. Member banks working with Farmer Mac provide the agricultural industry with low-cost financing and risk management tools. Farmer Mac has been delivering capital to rural America for over 30 years.
The American Bankers Association and Farmer Mac have collaborated on a national survey of ag lenders since 2016 to gauge lender sentiment of the farm economy, expectations of land values and an outlook for the agricultural economy for the coming year.
Nearly 500 loan officers responded to a survey via email between August and September each year. Responses represent lending institutions that range in assets of less than $50 million to large institutions with assets in excess of $5 billion.… Continue readingRead More »