Farm income appears strong, but the volatility of input prices and commodity prices have farmers on edge. USDA Chief Economist Seth Meyer said while farm income is up, so is farmer anxiety. Nate Kauffman, vice president and Omaha branch executive for the Federal Reserve Bank of Kansas City, noted agriculture’s strong position in terms of increased land value, low loan delinquencies and high working capital, which are challenged by the risks of shrinking economic growth, inflationary pressure and rising interest rates.
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