The Farm Credit Administration has released its quarterly report on the farm financial situation. High corn and soybean yields are anticipated, but the large supplies are pressuring commodity prices. Livestock producers are being helped by cheap feed. The strong financial positions in 2021 and 2022 provided a cushion for the current downturn in the farm economy. With a drop in liquidity, the Farm Credit Administration expects more reliance on operating lines of credit. Year-to-date, the FCA has had earnings of $3.9 billion. That’s up 12 percent from the same period last year.
