Question

After reviewing the CoBank’s current economic review what effect do believe the information will have on agricultural lending during 2020?

Answer 1

After reviewing the CoBank’s current economic review, it can be highlighted that the agricultural economy will highly struggle and it is mainly due to the ongoing trade war between China and US trade deal. It is important to mention that the increasing costs and the prices of agricultural commodities are falling. This has severed the condition of the struggle for the ranchers and the farmers as their capital is declining gradually. The farm debts are found to be declining and it is expected to decline as the farm loan quality is severely affected which includes the dairy and grain producers.

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