Cattle Industry Keeps Oklahoma Afloat; Lenders Report Higher Incomes, Loan Quality
A recent survey shows farm income and borrowing power for crop producers are weak across the Great Plains, but the cattle industry has improved farm finances in some places, including Oklahoma.
Agriculture credit conditions in states more reliant on crops have steadily weakened as summer turned to fall, but the beef industry is telling a different story.
Despite a tightening ag economy, the finances in areas more dependent on cattle generally remained stable, and lenders in those areas reported higher incomes and steady loan quality in the Kansas City Federal Reserve's Agricultural Credit Survey...
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