US farmers to leverage land as farm economy deteriorates: survey 0 SHARES Share it! The concern comes as the US farm economy deteriorates. About 57% of farm loan customers were profitable in 2019, according to the survey, but more than 82% of farm bankers said their customers’ profits were dwindling – with the biggest economic woes being felt in Midwest and Southern states among dairy, grain and livestock producers. According to the survey, nearly of half of the respondents said they expect land values in their areas to decline in 2020. For bankers, one key concern has been the amount of farmland that could come up for sale in the coming months and whether that could trigger an across-the-board fall for land prices.

Source: Manila Bulletin November 13, 2019 11:31 UTC