An Ag Banker's Views
Economic Development, Innovation, Technological Change, and Growth
Financial Economics
Agricultural and Natural Resource Economics
As a banker from the heartland of
the country, an area that has spawned a
very large, sophisticated, high-tech international agribusiness, I wonder how many
understand either the nature or the extent
of the recent changes and problems we
have witnessed in the agricultural sector,
and whether anyone can predict what the
future will bring as a result of these
changes., The recent economic damage
has been substantial; here in Iowa, land
prices have plummeted as much as 50 to
60 percent, a number of rural hanks have
c!used , PCAs have frozen stock and losses
have been incurred by ag-related businesses
large and small.