Kansas City Federal Reserve Bank Vice President Nathan Kauffman testified in the House Agriculture Committee farm bill hearing Thursday. “Most lenders indicate that loan repayment rates continue to rise, problem loans have remained sparse, and credit is readily available to meet borrower’s needs.” Credit conditions for young, beginning and underserved farmers and ranchers was the focus of the hearing. “Looking ahead, demand for farm loans in the Kansas City Fed district are expected to rise notably with capital spending expected to decline for the first time since 2020.”
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