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.
Results of its first quarter 2019 survey of ag bankers indicated that prices were “generally weak, particularly for cotton, although livestock prices were more mixed.” At the same time, demand for agricultural loans overall declined for a 14th consecutive quarter.
Land makes up 82% of total assets for the North American agricultural industry. Because farm and ranchland is the key financial bedrock of farming, close scrutiny of market and price trends is required to gage the general health of the industry.
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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.