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Tight margins ahead for 2024

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A senior vice president with Farm Credit Service of America says farmer liquidity remains high to start the year despite some bumps in the protein sector.

Fallon Savage tells Brownfield, “Our swine market in particular has seen some pretty devastating losses over the last six to seven months and the beef sector is starting to cool down significantly the last couple of months as well.”  “But as we think about 2024, in general, balance sheets are the strongest they’ve really ever been,” she shares.

Tight margins ahead for 2024