According to the latest Ag Finance Update from the Federal Reserve Bank of Kansas City, the volume of non-real estate farm loans is down ten percent from the first quarter of last year. Lending activity was held back with fewer new loans and smaller operating loans. Interest rates have reached levels not seen since 2007, which also impacted loan volume. The Fed report says “remarkably strong farm income” in recent years strengthened farm liquidity.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.