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Kansas farm economy at risk as land prices deflate
Storm clouds gather as Kansas farm ground values fall from peak, risking more foreclosures and debt strain. Economists warn of eroding profits with 2015 revenue around 8.5 billion dollars and debt levels tightening. bankers urge early action while outlook remains uncertain. Farmers like Bill Carp note shrinking cash flow and auction land value drops may gradually erode finances without a full crisis.
MENTIONED IN THIS ARTICLE
TNS
Kansas
U.S. Bureau of Economic Analysis
Mykel Taylor
Kansas State University
Taylor
Carp
U.S. Department of Agriculture
Agco
Hesston
Kansas City Federal Reserve Bank
Ag Finance
Kansas State Ag
Gregg Ichendahl
AgManager
Central
Western
Kansas City Fed
Greg Reno
Reno
Roger Hamm
Kansas Department of Revenue
Hamm
Nathan Kauffman
Kansas City
Scott van Allen
Sumner County
Dan Heinz
Intrust Bank