The financial challenges in agriculture were highlighted in the House subcommittee hearing Tuesday. Compeer Financial President and CEO Rod Hebrink also offered his perspective on the farm economy. “The crop and livestock sectors we serve are best described as ‘struggling,’ impacting farmers of all ages, experience levels and sizes.” Hebrink said economic downturn has been particularly hard on dairy farmers. Farm Credit Services of American President/CEO Mark Jensen also highlighted the tight margins within agriculture. Lawmakers asked the panel of farm credit leaders about a variety of topics, ranging from hemp production to rural development. No action was taken.
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