Lenders predict only 58% of U.S. farmers will be profitable in 2024, down from 78% in 2023.

Agricultural lenders predict only 58% of farmers will be profitable in 2024, down from 78% in 2023, due to lower commodity prices and increased farm debts. The American Bankers Association and Farmer Mac's survey also shows rising loan demands and expected deterioration in credit quality and farm incomes. Lenders anticipate a challenging year ahead as farm profitability declines and delinquency rates rise.

November 14, 2024
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