Farm real estate debt continued to increase in the third quarter. A report from the Federal Reserve Bank of Kansas City says the number of farm real estate loans rose seven percent and the balances at agricultural banks was up ten percent. Less than ten percent of all commercial banks report farm loan delinquencies greater than three percent. That’s the lowest level on record. Liquidity at farm banks remain strong, but total loan growth overtook deposit growth for the first time since 2019.
