Agricultural lenders report signs of tighter conditions in farm profitability and credit quality in 2025, according to a joint survey conducted by the American Bankers Association and the Federal Agricultural Mortgage Corporation.

The survey, based on responses from more than 450 agricultural lenders nationwide, provides a comprehensive snapshot of the agricultural economy and lending conditions.

Most lenders expect producers to remain profitable this year, but fewer than half are projected to stay in the black in 2026, the lowest share since 2020, according to the report. Only 52% of borrowers are expected to remain profitable in 2025, with that number projected to dip below 50% in 2026. Nearly 93% of lenders expect farm debt to increase over the next year, reflecting tighter

See Full Page