Banker Comments from the Tenth District

“Drought in our region has had a negative impact on producers” – Southeast Colorado

“If conditions don’t improve for sugar producers in our area this year, liquidation of equipment and land will be much higher. ” – Northeast Colorado

“Government payments are keeping the ag economy propped up. If program payments are lowered greatly it will have a negative effect on the ag economy. It's giving a false sense of security.” – Southwest Kansas

“There are prospect of having a very good fall harvest.” – Central Kansas

“The CFAP program has been very positive for our farm borrowers and has made a huge difference in their working capital loan needs and loan repayment ability.” – Northeast Kansas

“Grain prices going up will definitely benefit local farmers.” – Southwest Missouri

“With harvest beginning in the next couple weeks, we expect cash flow will increase and loan payments and lines of credit should be paid down. ” – Southeast Missouri

“As we approach harvest and prices have increased, more optimism is building. Local equipment dealers have been busy selling new & used, so farmers are not afraid to update their fleet of machinery. ” – Central Missouri

“Producers that utilize the marketing tools will actually have a good year especially when adding CFAP to the equation.” – Northeast Nebraska

“Government programs related to COVID have been effective in providing producers liquidity to weather the market disruptions. We don't expect an overall profitable year for all operators, but hopefully working capital burn will be minimal. ” – Southcentral Nebraska

“PPP and EIDL loans have added liquidity to those that chose to take these loans. However, funds have not been used as quickly as predicted.” – Northwest Nebraska

“Our bank has more liquidity than any time in recent history due to recent government stimulus programs. We expected these funds to be spent by now but that has not occurred so now we really don't know what to expect with this increase in funds. ” – Northwest Oklahoma

“Our farmers are benefiting from the government payments that are being paid.” – Northcentral Oklahoma

“Recent developments in grain and cattle markets are helping ease some tension to a degree.” – Northwest Oklahoma

“If we see continued drought it may even have an impact into 2021.” – Northeast Wyoming

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