Serious stress continues for many agricultural producers due to low prices and increased operating costs. Producers who started into this downturn in sound financial condition are now suffering from this ongoing difficult period. Without irrigation, farmers will not be able to plant and the impact to their operation and the communities they live in will be enormous. If the situation continues, farmland prices in this area will fall dramatically. Farm Credit is determined to do all we can to help our affected customers.
Producers have choices, and that is critical.
In short, pricing is competitive and service is better because Farm Credit ensures competition in agricultural and rural credit markets. The more intense the competition is, the greater the benefit for American agriculture. For Penick's complete oral testimony, click here . Northwest Farm Credit Services provides financing and related services to farmers, ranchers, commercial fishermen, timber producers, agribusinesses, and rural homeowners in Montana, Idaho, Oregon, Washington, and Alaska. CEO Message Archive AgVision Serving Today's and Tomorrow's Producers Click here to go back.