The Chairman and CEO of the Farm Credit Administration says loan growth over the last two years signals a strong ag economy. 

Glen Smith tells Brownfield that will likely continue this year despite concerns over inflation and input costs. “Farmers and ranchers are price takers and not setters. When those input costs are so high and very sticky about coming down.  That could potentially create a tenuous situation down the road that we’re very much aware of.”

But, he says, higher commodity prices are supporting a healthy lending environment.

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