Farm real estate values are surging in the Federal Reserve Bank’s Tenth District. A total of 136 ag bankers in Nebraska, Kansas, Oklahoma and surrounding states were surveyed. With strong commodity prices and low interest rates, the value of all types of farmland is up 15 percent from one year ago. Most lenders remain optimistic about the farm economy, but voiced concern about rising input costs. Farm income and loan repayment rates rose at a steady pace resulting in fewer problem loans. Sixty percent of those surveyed expect loan repayment rates for corn and soybean operations to increase in the next quarter. Only about half as many expect improvement for wheat and cow-calf producers and even fewer though conditions would improve for feedlot, hog and dairy farms.
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