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Cold, Snow & Ag Finance

Cold, Snow & Ag Finance

Photo: WNAX


Despite the cold, snowy weather, ag producers are getting ready to head into the fields as soon as they can.
Ag bankers have been working with producers to help finance their operations this year. Curt Everson is President of the South Dakota Bankers Association……

Land values have dropped over the last year, according to SDSU, with average crop ground in the state at about thirty-nine hundred dollars an acre, a five percent drop from the previous year.
Everson says most banks don’t use the sales price of land in their financial statements…..

Everson says low grain prices also contribute to the strain on farm operations cash flow.

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