AG CREDIT: Farm Lending Activity Grows Swiftly

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


AGRICULTURAL CREDIT CONDITIONS in the Tenth District continued to deteriorate at a gradual pace in the third quarter. According to responses from the Survey of Agricultural Credit Conditions, farm income in the region was sharply lower, loan repayment was slightly slower and problem loan rates grew slightly. Loan demand increased as working capital declined and lenders reported an increase in asset liquidation. Despite the moderation in credit conditions and interest rates remaining at multi-decade highs, farm real estate values remained firm . . .

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