June 12, 2009
On this week's Market Journal Extension Host Doug Jose talks with Bill Davis, senior vice president and chief credit officer of Farm Credit Services of America, about how ag lenders are changing the standards for borrowing money. A new measure of a farm business's finances is its working capital divided by the gross farm income. Lenders also will be looking at the working capital per acre for grain operations, Davis says. The goal is $200 to $250 per acre.
Other segments on this week's program include:
- Corn and soybean markets with Roy Smith, Plattsmouth farmer and marketing consultant;
- USDA's SURE and other government disaster programs with Gene Gantz, USDA risk management specialist;
- Why do you farm or ranch with John Hewlett, University of Wyoming farm and ranch management specialist; and
- Ag weather update, with Al Dutcher, Nebraska state climatologist.
On the next Market Journal on June 19 Paul Burgener, UNL ag economics research analyst, will examine the wheat, dry bean and sugar beet markets. Danny Klinefelter, Texas A&M University Extension economist, shares some observations on the regulation of financial institutions.
