Farm loan delinquencies are trending lower for the first time in several years.

Nathan Kauffman with the Federal Reserve Bank of Kansas City says the delinquency rate had been on the rise from 2014 to the beginning of 2020.

“Albeit at a fairly gradual pace overall, alongside some of the low commodity prices.”

He tells Brownfield expectations going into last year were for additional delinquencies, but the rise in commodity prices and government support payments helped stem the tide.

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