Decent yields this past year helped farmers start 2019 in better financial condition than anticipated. AgCountry Farm Credit Services President/CEO Marc Knisely says large crop inventories remain in the bin “and because it was a wet, late harvest, a number of producers were unable to get fall fertilizer done.” That combination resulted in an uptick in operating loans this spring. Knisely says there has also been a modest increase in equipment loans. “You need to have a certain quality of equipment to operate these farm businesses. For the most part, producers are being conservative and watching their spending on capital items, but, in some cases it is an absolute necessity to some of these things replaced on a timely basis.”
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