Interest Rates for Operating Loans Rise Slightly From All-Time Lows

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Get an update on credit conditions in the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: https://RightRisk.org/news.

 
Interest rates on agricultural loans made by commercial banks increased slightly for some types of lending, but remained historically low through the first half of 2021.

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Federal Reserve Beige Book Summary on the Agricultural Sector

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Get an update on the agricultural sector by the Federal Reserve in the RightRisk Newsrelease at: https://RightRisk.org/news.

 
The Beige Book is a Federal Reserve System publication covering current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from District sources. The latest update was posted July 14th.

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Farm Credit Conditions Show Additional Strength

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Agricultural credit conditions in the Tenth District continued to strengthen in the first quarter of 2021. After a sharp rebound at the end of 2020, conditions in the broad agricultural economy continued to improve alongside additional increases in crop prices. Stronger profit potential for farm borrowers supported a second consecutive quarter of significant increases in farm income, loan repayment rates and farmland values.

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Federal Reserve Beige Book Summary on the Agricultural Sector

Graphic of RightRisk Newsrelsease

 
The Beige Book is a Federal Reserve System publication covering current economic conditions across the 12 Federal Reserve Districts. It characterizes regional economic conditions and prospects based on a variety of mostly qualitative information, gathered directly from District sources. The latest update was posted April 14th.

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Trends in Fertilizer Prices Continue to Shape U.S. Crop and Livestock Outlook

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From 2010 to 2019, fertilizer was a major expense in U.S. corn production, accounting for 33 to 44 percent of operating cost. Fertilizer also comprised 16 to 24 percent of the average corn producer’s total costs, which include overhead charges like land costs, machinery depreciation, and farm taxes. Prices for fertilizer have risen since August 2020, with an even more pronounced surge starting in January 2021.

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