An Illinois farmer says USDA loan programs for young, beginning and small farmers should me more flexible to help offset the cost of producing a crop.
During a hearing House Ag Committee hearing Thursday, Adam Brown told lawmakers the lack of capital has squeezed his bottom line at a time when input costs are skyrocketing. “Government programs certainly can’t make up for every cash flow problem a farmer may face. Tight margins over the last few years have forced us to find ways to tighten our budget to make ends meet including the liquidation of non-essential farm equipment.”
Ag economist Nathan Kauffman with the Kansas City Federal Reserve says he expects an increase in farm loans over the next few years.
House Ag Committee hears YBS farmer concerns over loans, production costs
