The Federal Reserve Bank of Kansas City is reporting a gradual increase in farm lending activity. The average size of non-real estate farm loans in the fourth quarter was 20 percent higher than one year ago. Interest rates on non-real estate loans increased an average of 125 basis points from the previous quarter. The report says financing charges have increased more rapidly among large farm lenders small-or-medium sized banks.
Founded in 1976, Northarvest Bean Growers Association (NBGA) represents the largest group of dry bean farmers in America, working together to fund research, promote, and produce the finest beans in the world.
NBGA works to better the dry bean industry through promotion, field & nutrition research, market development, monitoring governmental policy, advocating for greater consumer choices, and focusing on the needs of our producers.
NBGA advocates for its 2,400+ farm families across MN & ND that grow dry beans and is committed to strengthening the relationship between growers, industry partners, and consumers across the world.
