Farm Country Feels the Impact of Government Payments

Approximately 40 percent of farm income this year is coming from the government. Compeer Financial Chief Diversified Markets Officer Mark Greenwood says the money from CFAP, the Paycheck Protection Program and crop insurance indemnities were significant this past year. The amount of support available in the Biden administration remains a question mark. “Those are questions any producer is going to wonder,” said Greenwood. “What we tell our clients is to understand the situation, understand costs and manage margins as best as you possibly can.”