Farm Income Shaken by 2020 Events

Just under 51 percent of agricultural borrowers will see a profit this year. That’s down six percent from one year ago. The fall survey produced by the American Bankers Association and Farmer Mac found more than half of the lenders do not expect borrower profitability to improve in 2021. More than two-thirds of the survey respondents indicate land values have been flat over the past year. Credit quality and the deterioration of ag loans were ranked as the top two concerns for ag bankers.