Despite the last punches of winter, many banks and farmers are in deep discussions now of financing spring planting, and other ag operations.
Rob Stephenson, President of First Dakota National Bank in Yankton, says most of their ag customers prepared for the downslide in farm income…..
Stephenson says there is one big question on everyone’s mind…..
During the 80s-farm crisis, land prices cratered while interest rates exploded. Stephenson says a lot has changed since then…..
Nebraska and South Dakota have seen sales tax collections dip significantly, in large part due to the ag slowdown.
