In its quarterly review on the farm economy, the Farm Credit Administration said general financial conditions are recovering from the big drop-off this spring. Poor weather and export demand have given corn and soybean prices a boost, but the FCA says income could decline sharply if government payments are reduced in 2021. There is a slight increase in level of stress for the Farm Credit System’s credit portfolio, but the lender said it remains well positioned to serve the agricultural market.
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