I was asked to take part in a survey a few weeks back that addressed the Agricultural Financial Condition for 2009. The survey was conducted by The Center for Farm Financial Management, North Central Risk Management Education Center, The Northeast Center for Risk Management Education, Southern Region Risk Management Education Center, and Western Center for Risk Management Education. Ag lenders, educators, crop insurance folks, consultants and a hand full of other experts participated; 2300 of us in total from all 50 states. The results show that we aren’t kidding ourselves about the current situation but the good news is that we seem moderately if not well prepared to weather this storm. As I have suggested before, farm debt to equity ratios are astonishingly low, especially when compared to other sectors. I have provided a link to the full report below. The report is only four pages long but contains some interesting information and is certainly worth a look.
Survey Report, Agricultural Financial Condition 2009
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