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Falling Money Cash

Government payments soften COVID-19 blow to ag economy

Federal Reserve Bank updates offer insight into agricultural conditions in Midwest.

Given the widespread adverse effects of the coronavirus pandemic in the second quarter of 2020, agricultural credit conditions for the Midwest and Central regions of the U.S. weakened compared with a year earlier, according to the latest agricultural updates from the seventh and 10th districts of the Federal Reserve Bank. However, government assistance is anticipated to boost farm income and support credit conditions

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