AgCountry Farm Credit Services Vice President of Insurance Rob Fronning says USDA’s deferral of interest accrual on spring 2019 crop year premiums is important for cash flow. “The crop is behind in much of the country. It’s not going to mature as early as many hoped, delaying harvest,” he says. “This could be a timely matter. We may not see cash flow from grain sales until later. It could be a huge benefit for farmers strapped for cash.” The crops across portions of Minnesota and North Dakota are also variable, due to the late planting conditions. “The crops look good, but with a later planting date there is a risk of frost at fall and crop maturity. We won’t know how good or bad this crop is until it gets in the combine.”
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