42. Bank Failures and the Rural Economy, with NCGA Lead Economist Krista Swanson

The Silicon Valley Bank collapse, and the sudden perception that there’s instability in the banking system, has a lot of us thinking back to 2008 and the financial crisis that spurred the Great Recession. And, whether it’s the war in Ukraine, lingering supply-side issues from Covid-19 or high interest rates, we are all feeling the effects of the world economy a little more acutely this year. So are we staring down another financial crisis, or just feeling a little economic speed bump? For some perspectives on those questions, and what it means for corn growers, we’re joined in this episode by Krista Swanson, the National Corn Growers Association’s lead economist. She provides some much-needed context, and an informed take on what the farm economy might have in store for us over the next few years.