The Farm Credit Administration has received its quarterly report on the farm financial situation. Farmland sales remain strong with bankers reporting double-digit gains for cropland. Loan quality is described as ‘very good,’ but challenges continue for certain areas. Export demand is strong, but that is being offset by high input costs. In addition to fertilizer and certain chemistries, farm equipment and parts have been difficult to secure. The report said the supply chain bottlenecks may not fully recover until 2023.
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