The senior economist with USDA’s Economic Research Service says balance sheets in the ag sector remain strong, or at least stable.
ERS Senior Economist Carrie Litkowski says farm sector assets are forecast to be relatively stable in 2020, increasing just 0.2%.
However, “Farm real estate assets – that’s the value of land and buildings which account for about 80% of the farm sector’s assets – are expected to decrease slightly, 0.3%, and put them at their lowest value since 2013.”
Litkowski says farm inventory, including crops, are forecast to decline six-percent.
