American Bankers Association

KANSAS CITY, MO - The yearly Agricultural Lenders Survey is now available to view.

Ed Elfmann, Senior Vice President of Agriculture and Rural Banking Policy for the American Bankers Association told News Talk WJAG, they use the survey to get a good pulse about how the farm economy is.

Elfmann said the agricultural economy and farm income remained stressed in 2019 with limited signs of improvement in 2020.

He said the biggest thing producers are worried about right now is liquidity and income.

"They're really worried about what those sources of income might be and what it might look like going forward. Since the farm economy is in a little bit of a dip, the banking industry wants to make sure those incomes are in a good spot going forward. Now the banks themselves, they're worried about credit quality."

Elfmann said nearly half of lenders reported an increase in farm retirements in 2019 and nearly two-thirds expect the pace to pick up over the next 12 months.

To view the report in full visit ABA.Com.

In other news

LINCOLN, Neb. (AP) — Officials on Thursday confirmed a career military man and former superintendent of the U.S. Naval Academy as the president of the University of Nebraska system.The university Board of Regents confirmed Walter “Ted” Carter as president, succeeding interim President Susan …

OMAHA, Neb. (AP) — Police in Omaha say four people have been arrested in the August death of a man.The case began on Aug. 6, when officers were called to an apartment complex in the Radial Hills neighborhood north of midtown Omaha.There, officers found 55-year-old Kelly Barges dead and decla…

LINCOLN, Neb. (AP) — A southeastern Nebraska man has been charged under a new law that makes it a crime to post pornographic images of others without their permission or to use the images for blackmail.Nineteen-year-old Hayden Butcher, of Waverly, was in Lancaster County Court on Wednesday a…

OMAHA, Neb. (AP) — Omaha police say they're searching for a pair of suspects in the shooting death of a 33-year-old man in the city's Little Italy neighborhood south of downtown.Officers were called to the area around 2:40 p.m. Wednesday for reports of gunfire and found a man on the sidewalk…