DEEP ROOTS PROVIDE STABILITY

Crop prices are also receding and affecting profit margins for U.S. agricultural companies. [...]he says the community bank takes its responsibility to support rural communities-of which agriculture is a large part-very seriously. BTC Bank helps buffer these headwinds by talking to customers about s...

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Bibliographic Details
Published in:Independent Banker 2024-07, Vol.74 (7), p.36-39
Main Author: Mccrea, Bridget
Format: Article
Language:English
Subjects:
Agriculture
Corporate presidents
Profits
Rural areas
Online Access:Get full text
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Summary:Crop prices are also receding and affecting profit margins for U.S. agricultural companies. [...]he says the community bank takes its responsibility to support rural communities-of which agriculture is a large part-very seriously. BTC Bank helps buffer these headwinds by talking to customers about strategies like forward pricing (a contract between buyer and seller that locks in a price for a product to be delivered at a later time) and using live crop production protection coverage.
ISSN:0019-3674