{"product_id":"agricultural-banks-in-the-us-industry-market-research-report","title":"Agricultural Banks in the US - Industry Market Research Report","description":"\u003cp\u003eAgricultural Banks in the US - Industry Market Research Report\u003cbr\u003e\nAgricultural Banks in the US\u003c\/p\u003e\n\n\u003cp\u003eThe industry has a strong run of year-over-year growth through the end of 2023 up until the onset of the pandemic. Normally, a financially distressed Agricultural sector would cause industry revenue to climb, but the Federal Reserve dropping interest rates to near-zero in response to the pandemic and the staggering amount of fiscal aid provided to farmers via the United States Department of Agriculture Emergency Food Purchasing Plan and the Paycheck Protection Plan has greatly reduced farmers' demand for agricultural loans. This simultaneously caused revenue to decline in 2020 and show tepid growth in 2021. Overall, industry revenue shrank at a CAGR of 1.1% to reach $20.5 billion through the end of 2023, including expected growth of 8.1% in 2023 alone, as government stimulus dwindles.\u003c\/p\u003e\n\n\u003cp\u003eOperators in this industry specialize in lending to the agricultural sector. More specifically, banks in this industry dedicate at least 18.3% of their total loans to agriculture.\u003c\/p\u003e\n\n\u003cp\u003eThis report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"June, 2023 \/ 37 Pages \/ MCW16276164","offer_id":47709835493682,"sku":null,"price":1314.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/agricultural-banks-in-the-us-industry-market-research-report","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}