Ag bankers in the Federal Reserve District of Chicago say dairy farmers have been the most impacted by low prices.

“From our comments from bankers, the most hard-hit segment of agriculture is the dairy industry.  Milk prices are very low and that has continued to be an issue, but pretty much across the board there are issues with all the different sectors.”

Senior business economist David Oppedahl tells Brownfield their third quarter survey found two-thirds of bankers believe net earnings for the next three to six months will be lower for dairy farmers.

He attributes a lack of processing in the region for some of the very low prices, especially in Michigan.