South central kansas |
According to the KC Fed., at least in the tenth district, farmers planning on selling mid and long term assets to shore up balance sheets increased this year over last.
"Stress on farm finances also contributed to an increase in the expected sale of mid- to long-term assets in 2018. The number of bankers expecting farm borrowers to sell assets to improve available working capital or make loan payments increased sharply from a year ago (Chart 6). In fact, nearly 85 percent of bankers reported that farm borrowers plan to sell mid- to long-term assets before year’s end, up from about 75 percent a year ago."
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