Source: SOUTHERN FARM NETWORK, 10/29/19

An analysis just published by economic analysis firm Agricultural Economics Insights shows repayment term length on farm loans recently reached levels not seen in decades. In 2018, the average repayment term on all non-real estate loans was 15.4 months, the highest annual observation noted since 1977. In recent years, even as farm income has turned higher, producers are still relying on higher levels of debt for farm machinery, livestock and all non-real estate loans. However, the analysis says longer...

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