As the U.S.-China trade war drags on, more farmers are expected to take out debt...
DALLAS - As the U.S.-China trade war drags on, more farmers are expected to take out debt against the land they own - their collateral of last resort - to keep their operations going, according to a survey of lenders.
The survey found that bankers are increasingly worried about farmers facing cash-flow problems: 46% of bankers expect an increase in loans secured by farmland for the 2019/20 growing year, up from 37% for the previous period. The concern comes as the U.S. farm economy deteriorates. Farmland is the key pillar of equity in the U.S. agricultural heartland, which has been suffering from lingering weakness in commodity prices and loss of key export markets due to President Donald Trump’s trade disputes.
About 57% of farm loan customers were profitable in 2019, according to the survey, but more than 82% of farm bankers said their customers’ profits were dwindling – with the biggest economic woes being felt in Midwest and Southern states among dairy, grain and livestock producers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China aims to build its own Yellowstone on Tibetan plateauOne of the most densely populated places on the planet wants a national park system. Can China balance conservation and the livelihoods of those who live near proposed park boundaries? Read and watch:
Consulte Mais informação »
The US could be running on gasoline forever, leaving electric vehicles to China and EuropeDiesel-powered cars flopped in the US. At the current rate of growth, electric vehicles could flop here, too.
Consulte Mais informação »
Exclusive: U.S. manufacturing group hacked by China as trade talks intensified - sourcesAs trade talks between Washington and Beijing intensified earlier this year, sus...
Consulte Mais informação »
Oil slips as U.S.-China trade deal hopes dwindleOil prices dipped on Wednesday as prospects for a trade deal between the United ...
Consulte Mais informação »