According to the Fall 2023 Agricultural Lender survey results from the American Bankers Assn. and the Federal Agricultural Mortgage Corporation, around 30% of lenders saw farm profitability in their area increase in 2023, down from around 70% who said the same last year. Forecasting over the next 12 months, roughly 5% of lenders expect farmer profitability in their area to increase.
Source: ABA-Farmer Mac Agricultural Lenders Survey, August 2023
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
