Survey respondents pointed to extreme drought conditions that made a hard year even harder, with crop yields below average in some regions.

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.

Bankers responding to the second quarter survey reported overall weaker conditions across most regions of the Eleventh District. They noted that dry conditions are putting a strain on agricultural production despite some rainfall in late May.

The January 2020 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, it was noted that agricultural conditions were mixed across the districts, impacted by low commodity prices, trade conflicts, drought and the signing of the USMCA.

While reporting overall weaker farm conditions across much of the Eleventh District, the Federal Reserve Bank of Dallas reports that farmland values held their own in the third quarter.

In this week's podcast we look at a recent CoBank report on the potential for ethanol production growth over the next decade. Also in this episode, Jack Zemlicka discusses the post-planting mindset of "selling solutions" in the Technology Corner, and we dig into some of the results of the 6th annual Strip-Till Practices study from Strip-Till Farmer, another drop in machinery loans in the Dallas Federal Reserve district and improved 2Q revenues for Art's Way.