An ag economist says he’s following farm delinquencies to see how projected reduced farm incomes could impact financial stress.
David Widmar with Ag Economic Insights tells Brownfield…
“Through at least the mid-part of 2022, those were still favorable.”
He says debt-to-asset ratios are also above levels seen in the 1980s.
“Today it’s below 15 percent, it’s been below 15 percent since the mid-1990s so there isn’t a huge concern there, but one of the things that’s important to keep in mind is that there are a lot of producers out there who don’t have any debt,” he explains.