Widmar on 2023 farm financial outlook

Widmar on 2023 farm financial outlook

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.