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How the SVB banking crisis created exposures for American farmers

June 15, 2023


The collapse of Silicon Valley Bank this year increased risks for technology startups and companies across corporate America, particularly those with large portfolios of investment securities.

Hundreds of miles away from California, farmers in rural America were also hit hard as their community banks were shaken by the banking crisis that ensued.

That’s according to Jim Korin (pictured), president of NAU Country Insurance Company, a federal crop insurance provider under QBE Insurance.

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