AG CREDIT: Credit Conditions Soften with Farm Economy

Posted on by

#RightRisk #RiskInAg #AgRiskMgt

Graphic of RightRisk Media Post

For more information on the Tenth District agricultural economy via the RightRisk Newsrelease see: RightRisk.org/news.


AGRICULTURAL CREDIT CONDITIONS in the Tenth District softened during the third quarter. Farm income and loan repayment rates were lower than a year ago for the second quarter in a row. The moderation was more pronounced in areas most impacted by drought, but more tempered in areas most concentrated in cattle production. Conditions have weakened slightly following two years of significant improvement that continued to support loan performance. Despite softening farm finances and substantially higher interest rates, agricultural real estate values in the region remained firm . . .

Please follow and like us:
error
fb-share-icon
Tweet