Farm Tech Meets FinTech — Grain Silos And Data Silos

Oct 10, 2019 at 04:09 PM CST - 1
As farms grow larger, they often outgrow the resources of community banks, said Curt Hudnutt, head of rural banking for North America at Rabobank, a global leader in ag finance. “As the U.S. ag industry continues to consolidate, and the size and scope of farm operations continues to increase, that means higher capital requirements which many community banks can’t meet,” he explained. Regulators are looking closely as community banks and the risk they may be carrying on their books for ag loans.

Oct 10, 2019 at 04:09 PM CST

- 1

As farms grow larger, they often outgrow the resources of community banks, said Curt Hudnutt, head of rural banking for North America at Rabobank, a global leader in ag finance. “As the U.S. ag industry continues to consolidate, and the size and scope of farm operations continues to increase, that means higher capital requirements which many community banks can’t meet,” he explained. Regulators are looking closely as community banks and the risk they may be carrying on their books for ag loans.