Fed Study Shows Stable Financial Situation

Federal Reserve Bank of Minneapolis Regional Outreach Director Joe Mahon discussed regional economic conditions during a webinar this past week. Based on a recent study by the Fed, farms in the region are in stable condition. “The financial condition is generally stable, compared to a year-over-year basis.” The study showed capital expenditures for farms are down this year. “Surprisingly, there’s fairly stable loan demand with steady repayment rates.”