Dallas Fed: Ag Survey Indicates ‘Weaker’ Conditions in 11th District

Bankers responding to the third-quarter agricultural conditions survey reported overall weaker conditions across most regions of the Eleventh District, which includes Texas, 26 parishes in northern Louisiana and 18 counties in southern New Mexico.

They noted that drought conditions along with low commodity prices continue to have producers concerned about 2020. “We have seen an impact from COVID-19 on our ag customers in the form of lower commodity prices,” a survey participant said. Some regions…

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