Farm credit conditions remained strong in the second quarter, but there is more risk for the ag economy moving forward. The quarterly report on agricultural credit conditions from the Federal Reserve said quarterly farm income increased and farm loan repayment rates rose steadily. “We are seeing some risks grow because of declining commodity prices, high input costs, and interest expenses picking up,” said Nate Kauffman, vice president Kansas City Federal Reserve. With higher interest rates, farmland values are showing signs of moderating.
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