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Nw Iowa | I think that is one of biggest issues. Crop was valued at 5$ Or more after last fall when doing cash flows, didn’t sell, so show a .50 or 75 cent loss on those bushels plus probably being short on top of that with this years crop being another 50 or .75 cents short of projections ( depends where you are on fed crop.) So basically showed profits last year you didn’t have so have to take those off plus this years shortfall. With Fed crop rates where they were for this growing season, most should hold things together fairly well, maybe a loss but not catastrophic. But taking loss on inventory will be the kicker for some. Next years prices and fed crop guarantee will make bankers job alittle more interesting this winter. | |
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Farm loans
