Agriculture Research Hub

Explore research from the Center for Agriculture and the Economy at the Federal Reserve Bank of Kansas City.

Analysis of U.S. Agriculture, Farm Finance, and Rural Economic Conditions

The Kansas City Fed’s Center for Agriculture and the Economy provides in‑depth analysis on agricultural markets, farm financial conditions, rural economic trends, commodity sectors, and the broader forces shaping U.S. agriculture. Through data‑driven research, surveys, and timely reporting, the Center helps producers, lenders, policymakers, and researchers understand evolving economic conditions in agriculture.

Explore the latest analysis, historical archives, and long‑form research on topics including farm lending, agricultural credit conditions, farmland values, crop and livestock markets, food prices, agricultural employment, supply chain dynamics, and the rural economy.

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Article Title	Author(s)	Date	Type
Farm Loan Growth Remains Strong as Lending Shifts at Some Large Banks Farm loan growth continued to be concentrated among agricultural banks during the first quarter of 2026 and production loans declined notably at some of the largest lenders. US Agriculture Commercial Bank Call Report Agricultural Finance Update Loans Agriculture	Ty Kreitman Expandable Row	July 1, 2026 Expandable Row	Web Page Expandable Row
How Will Drought and Groundwater Depletion Affect Irrigated Farmland Values in the Tenth District? Irrigated farmland commands a premium relative to non-irrigated farmland due to capitalized infrastructure, access rights to groundwater, and superior yield potential. In the Tenth Federal Reserve District, this premium has been increasing over time and rising faster during droughts. Whether this premium will subsist in the long term, however, depends on existing groundwater reserves, local rates of aquifer replenishment, and continued efficiency gains in water use. Natural Resources and Environment Regional Economic Bulletin Agriculture	Ayesha Cooray Expandable Row	June 24, 2026 Expandable Row	Web Page Full Text Expandable Row
Beige Book Insights on Agricultural Conditions Selected quotes on the agricultural economy from the latest Beige Book. US Agriculture Regional Agriculture Agriculture	Expandable Row	June 11, 2026 Expandable Row	Web Page Expandable Row
Continued Resilience in Farmland Values Farmland values in the Midwest and Plains states increased slightly in the first quarter of 2026. US Agriculture Regional Agriculture Agricultural Finance Update Agriculture Federal Reserve Ag Credit Surveys	Ty Kreitman Expandable Row	June 3, 2026 Expandable Row	Web Page Expandable Row
Resilience, Not Crisis, in the U.S. Agricultural Economy Over the past few years, economic conditions in some segments of U.S. agriculture have deteriorated, raising questions about the longer-term trajectory of the sector and the viability of many farms throughout the country. However, the severity of current public narratives surrounding U.S. agriculture diverges from the signals apparent in underlying data. Regional Economic Bulletin Agriculture	Nate Kauffman Ty Kreitman Expandable Row	May 20, 2026 Expandable Row	Web Page Full Text Expandable Row
Sharp Growth in Tenth District Ranchland Values Ranchland values in the Tenth Federal Reserve District grew notably in the first quarter of 2026. Regional Agriculture Agricultural Credit Survey	Ty Kreitman Expandable Row	May 14, 2026 Expandable Row	Web Page Expandable Row
Deterioration in Farm Financial Conditions Remains Gradual Despite continued weakness in the crop sector, farm financial conditions have tightened only gradually, and stress remains limited. Loan delinquency rates remain low, average farmland values have been stable, and leverage in the sector remains modest. Direct government payments have limited losses for crop operations and provided modest relief, while strong cattle prices have boosted incomes in many areas. Agricultural Finance Research Regional Economic Bulletin Agriculture	Ty Kreitman Expandable Row	May 13, 2026 Expandable Row	Web Page Full Text Expandable Row
Growth in Farm Lending Activity Persists Large operating and livestock loans continued to drive strong growth in farm lending activity at commercial banks in the first quarter of 2026. US Agriculture Agricultural Finance Update National Survey of Terms of Lending to Farmers Agriculture	Ty Kreitman Expandable Row	April 8, 2026 Expandable Row	Web Page Expandable Row
Strong Farm Loan Demand Supports Ag Bank Earnings Earnings performance at agricultural banks improved in 2025 alongside strong growth in farm loans. US Agriculture Commercial Bank Call Report Agricultural Finance Update Loans Agriculture	Ty Kreitman Expandable Row	March 25, 2026 Expandable Row	Web Page Expandable Row
Farmland Values Remained Strong in 2025 Farmland values in the Midwest and Plains states remained firm in 2025 despite steady deterioration in farm financial conditions. US Agriculture Regional Agriculture Agricultural Finance Update Federal Reserve Ag Credit Surveys	Francisco Scott Ty Kreitman Expandable Row	March 5, 2026 Expandable Row	Web Page Expandable Row

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Agriculture Research Hub

Analysis of U.S. Agriculture, Farm Finance, and Rural Economic Conditions

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Filter Archived Content

Farm Loan Growth Remains Strong as Lending Shifts at Some Large Banks

How Will Drought and Groundwater Depletion Affect Irrigated Farmland Values in the Tenth District?

Beige Book Insights on Agricultural Conditions

Continued Resilience in Farmland Values

Resilience, Not Crisis, in the U.S. Agricultural Economy

Sharp Growth in Tenth District Ranchland Values

Deterioration in Farm Financial Conditions Remains Gradual

Growth in Farm Lending Activity Persists

Strong Farm Loan Demand Supports Ag Bank Earnings

Farmland Values Remained Strong in 2025