Compared to one year ago, 70 percent of ag bankers said overall farm profitability was higher in 2021. This is the first time since the survey began in 2016 the survey found a majority of ag lenders reported in increase in overall profitability. The annual survey conducted by the American Bankers Association and Farmer Mac found 38 percent of net farm income came from government support. There was less demand for farm loans this past year, but lenders expect that to change in 2022.
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