Due to tight margins, NDSU Extension Agriculture Finance Specialist Bryon Parman expects 2019 to be a tough year for farmers. “There were periods to make a little bit of money with wheat. Hopefully, farmers took advantage of that. With corn and soybeans at current prices, there’s just no money to be made with current production costs.” Parman expects to see credit denials for operating money next spring. “There’s a good share of farmers doing just fine. There’s a good share that are hanging on, not doing great, but not going broke. Then, there’s the bottom third or quarter who I’m not sure how much longer they can continue to restructure and how much equity they have left to borrow against.”
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