Numbers put current ag picture in perspective
AMES — Trade wars. Tariffs. Widespread flooding. Delayed planting. Seems like many farmers in Iowa and beyond can’t get a break this spring, and the numbers help tell the story. “U.S. agriculture’s debt-to-asset ratio for 2019 is forecast at 13.9 percent, meaning it’s moving in the wrong direction,” said Dr. John Newton, chief economist for the American Farm Bureau Federation, who spoke at the 92nd annual Soil Management Land Valuation Conference in Ames recently. “This ratio has increased seven consecutive years, plus it’s the highest level in nearly 20 ...