With: Nate Kauffman, Senior Vice President and Omaha Branch Executive, Federal Reserve Bank of Kansas City
Following consecutive years of strong incomes in agriculture, profit margins have shown signs of tightening in recent months. Interest expenses are sharply higher than a year ago, input costs remain elevated, and labor is an ongoing challenge in certain industries. Despite signs of tighter profits and numerous ongoing risks, however, many agricultural producers remain in a strong financial position with the end of the year approaching.