GreenStone reports strong end to 2021
One farm credit institution says 2021 ended with strong returns in nearly every commodity they finance.
GreenStone Farm Credit Services CEO Dave Armstrong, with a footprint in Michigan and Wisconsin, tells Brownfield even though input prices are higher, they haven’t seen increased demand to finance products.
“There’s quite a bit of liquidity in the balance sheets,” he says.
Armstrong also believes many farmers aren’t buying inputs until they can physically be on hand.
Farmland values for his region were up about eight percent in July compared to 2020 which Armstrong says is modest compared to other areas of the Midwest.
GreenStone plans to return a record $115 million to members on March 17th for their 17th annual Patronage Day.
Brownfield interviewed Armstrong during the recent Great Lakes Crops Summit.