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Ag Economy Showing Slow Signs of Recovery

Ag Economy Showing Slow Signs of Recovery

Photo: WNAX


Things aren’t great, but they could be worse – that’s the assessment of the agricultural economy in Nebraska and neighboring states.
It’s based on data from the Federal Reserve Bank of Kansas City that surveys bankers about financial conditions.
Federal Reserve Omaha Branch executive Nathan Kauffman says many lenders were caught off guard a few years ago with the decline in commodity prices, but he says it seems like they have adjusted.

Kauffman says credit conditions also are weaker compared to several years ago.

Kauffman says conditions may be stabilizing, but commodity prices are still lower than five or six years ago.

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