I see that the problems with the financial system have now caused problems with Farmer Mac. This is where non-traditional banks get their financing in the agricultural sector that I was wondering about a couple of weeks ago. This info doesn't make me feel any better for the agricultural economy.
Is the number of farmers/ranchers that depend on non-traditional banking really that high? Should they really be in ag if they can't get financing from a regular institution?
I won't argue with what you are saying but every little bit of trouble causes the banks to seize up a little tighter and not lend money. Now calf prices are tumbling due to the problems. What's next?
Is the number of farmers/ranchers that depend on non-traditional banking really that high? Should they really be in ag if they can't get financing from a regular institution?