Pennsylvania farmers "do better in recessions," said Tom Jordan, head of the lenders who finance farm, real estate, and small-business deals across most of the state for Univest.
"When inflation hits, prices shift, and some of those increases will trickle back to our farm clients, and dairy farmers, egg and chicken processors will do a little better," said Jordan, whose team at Univest, the old Union Trust Co. of Souderton, the biggest bank still based in the state's southeast, finances 3,500 enterprises — "family-owned farms, closely owned businesses" — from Easton to Pittsburgh.
"Our clients make hay when the sun shines," he said. "And when it's not shining, they still do OK."
