FDIC Sees Ag Banks As The Next Big Crisis
[url]http://cornandsoybeandigest.com/davidkohl/0818-FDIC-ag-bank-crisis/[/url]
I bet this headline will catch the attention of readers from
the beltway of Washington, D.C. to the depths of rural
America. This is the word on the street circulating in
conversations with lenders and producers in agriculture and
rural America on my recent Road Warrior travels. While these
rumors may be false, perception becomes reality in the
boardrooms and loan committees of our lending institutions,
which will ripple to producers.
Yes, banks, farm credit and other financial institutions are
tightening agricultural credit extension. Credit is still
available, but information and collateral requirements from
borrowers are increasing and being scrutinized.
For the most part, lending examinations of institutions
loaning to agriculture are intensifying, particularly as bank
failures in rural areas increase. The fallout from one
institution with large ag credits under the eye of examiners
was the shot heard around the country in lending circles.
Today, much of the U.S. farm debt is in the hands of the
300,000 commercial producers that generate 75-80% of the
revenue. The financial difficulty faced both by lenders and
producers is not the result of financing based upon inflated
land prices. As revenues have decreased and input costs have
risen, margins have been squeezed.
Financial leverage in the protein and livestock sector is the
battlefront to watch this fall and winter. This could
eventually impact the crop sector, which then could become the
next big crisis!
Potential Food Shortages...in America?
[url]http://standeyo.com/NEWS/09_Food_Water/090818.food.shortage.USA.html[/url]
Famine in America?
[url]http://standeyo.com/NEWS/09_Food_Water/090818.famine.in.America.html[/url]
Asia Facing Unprecedented Food Shortage
[url]http://standeyo.com/NEWS/09_Food_Water/090818.food.shortage.Asia.html[/url]
Famine Around the Corner?
[url]http://standeyo.com/NEWS/09_Food_Water/090818.famine.around.corner.html[/url]
Guatemala at Food Shortage Risk After Drought
[url]http://standeyo.com/NEWS/09_Food_Water/090818.Guatamala.food.shortage.html[/url]
Food Shortage Threatens East Africa
[url]http://standeyo.com/NEWS/09_Food_Water/090818.food.shortage.E.Africa.html[/url]
Hail Destroys Iowa Corn Crops
[url]http://standeyo.com/NEWS/09_Food_Water/090818.IA.hail.crops.html[/url]
Drought Taking Toll on Texas Crops and Wineries
[url]http://standeyo.com/NEWS/09_Food_Water/090818.TX.drought.wineries.html[/url]
Texas Crop and Livestock Losses Hit $3.6 Billion
[url]http://standeyo.com/NEWS/09_Food_Water/090818.TX.ag.losses.3.6.billion.html[/url]
Drought Thins Wyoming Cattle Herds
[url]http://standeyo.com/NEWS/09_Food_Water/090818.WY.herds.thin.html[/url]
Drought Sucking Life Out of Northern Wisconsin Farms
[url]http://standeyo.com/NEWS/09_Food_Water/090818.WI.drought.sucks.life.html[/url]
Drought Puts Crops 3 Months Behind
[url]http://standeyo.com/NEWS/09_Food_Water/090818.crops.3.mos.behind.html[/url]
California Drought Greatly Impacting Crops
[url]http://standeyo.com/NEWS/09_Food_Water/090818.CA.drought.food.html[/url]
US Corn, Soybean Crops Stunted by Unusual Weather
[url]http://standeyo.com/NEWS/09_Food_Water/090818.corn.soy.stunted.html[/url]
Food Firms Fret Over Potential Impact of Climate Bill
[url]http://standeyo.com/NEWS/09_Food_Water/090818.food.climate.bill.html[/url]
Severe Drought Hits China's Grain Zones
[url]http://standeyo.com/NEWS/09_Food_Water/090818.CH.drought.grain.html[/url]
India's Thirsty Farms Drain Rocks Dry
[url]http://www.newscientist.com/article/dn17620-indias-thirsty-farms-drain-rocks-dry.html[/url]
India Faces Drought But Economists Upbeat
[url]http://standeyo.com/NEWS/09_Food_Water/090818.India.drought.html[/url]
Argentina May Import Beef First Time as Herds Die
[url]http://standeyo.com/NEWS/09_Food_Water/090818.Argentina.herds.die.html[/url]
Alberta Ranchers Forced to Sell Herds
[url]http://standeyo.com/NEWS/09_Food_Water/090818.Alberta.sells.herds.html[/url]
Drought to Affect Harvest in China's Main Corn Area
[url]http://news.asiaone.com/News/Latest+News/Asia/Story/A1Story20090817-161531.html[/url] |
