Respondents expressed the most concern for the grain, dairy and cattle sectors. About half of the lenders surveyed did not expect borrower profitability to improve in 2021 at the time of this survey. On average, lenders reported that just under 51% of their agricultural borrowers were profitable in 2020, down from 57% last year. The agricultural economy and farm income remained stressed in 2020. вЂњWith a deep understanding of both the ag sector and its cycles, lenders remain prepared to continue providing support to the farm economy through these challenging times.вЂќ вЂњFacing a global pandemic and an unprecedented economic downturn, agricultural lendersвЂ™ concerns for both their institutions and ag borrowers remain focused on business fundamentals,вЂќ said Tyler Mondres, director of research at ABA. Uncertainty regarding tariffs and trade, the weather, and the impacts of COVID-19 and the resulting economic downturn are close behind.

When it comes to their customers, lenders continue to be most concerned about liquidity, income and leverage.

Telephone Consumer Protection Act Working GroupДЄs the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality, according to the Fall 2020 Agricultural Lender Survey reportВ produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac.

Risk Metrics/Key Risk Indicator Working Group.

Operational Risk Data Sharing Consortium.

National Best Practices Discussion Group.

Mortgage Markets & Lending Technology Committee.

Moderate or Limited Trading Assets Working Group.

Cyber and Information Security Working Group.

Community Engagement and Reinvestment Committee.

Commercial Real Estate Lending Committee.

Check Fraud and ACH Loss Reporting Group.

Americans with Disabilities Act Peer Group.Agricultural and Rural Bankers Committee.Environmental Social and Governance Working Group.Diversity, Equity, and Inclusion Open Forum.Diversity, Equity, and Inclusion Advisory Group.

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