Report Explores How Ag Lenders Can Support Soil Health
New market research shows that Iowa farmers are interested in working with their lenders to better understand and realize the benefits of soil health. Banking on Soil Health: Farmer Interest in Transition Loan Products, a report conducted by agriculture market research firm Beck Ag in collaboration with Environmental Defense Fund and The Nature Conservancy, analyzes interviews with 100 Iowa farmers to understand their interest in adopting soil health practices and tests multiple ways agricultural lenders could support the transition. The analysis shows that farmers perceive a significant financial transition in adopting soil health practices. Although just 40% believe that soil health practices improve profitability in the first year or two of adoption, nearly 90% stated that they improve long-term profitability.