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Farm Progress America, June 30, 2021

Max Armstrong reports on insights from a well known ag economist who points to financial challenges facing farmers

Max Armstrong shares insight from Dr. David Kohl, ag economist, who pointed out recently that ag lenders have wrapped up their renewal season and have analyzed statements and conducted inspections. What was the No. 1 weakness lenders observed? More than one-third reported that farmers are challenged by finances, including the ability to put together financial statements; and understand and interpret financial statements. Max shares other insights Kohl observed from those lenders.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: GetUpStudio/iStock/Getty Images

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