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Federal Reserve Report Show Farm Income Stabilizing

Federal Reserve Report Show Farm Income Stabilizing

Photo: WNAX


A Federal Reserve Bank report indicates the farm economy may be starting to stabilize.
Nate Kauffman, in the Fed’s Omaha office, says the Federal Reserve’s survey of banks in seven Midwestern states point to farm income perhaps dropping a bit, but not as drastically as in the past few years. Commodity prices haven’t begun to trend upwards, yet. . .

Kauffman says some farm sectors are doing better than others. . .

Kauffman says most producers have been trying to cut costs, improve efficiencies, and implement risk-management strategies to get by until prices rebound.

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