Archive of Ag Headlines

Agriculture in a Global Economy

July 17, 2018 | Ag Symposium
Similar to other segments of the economy, the agricultural sector is increasingly global. The Kansas City Fed's annual Agricultural Symposium takes place July 17-18. Learn more. 

Decline in Farm Income Slows but Persists

May 17, 2018 | Ag Credit Survey
Farm income and credit conditions continued to weaken in the first quarter of 2018, but at a slower pace than in previous quarters.

Farm Loan Interest Rates Edge Higher

May 04, 2018
Interest rates on farm loans continued to increase in the first quarter of 2018. Following a prolonged period of historically low rates, interest rates on most types of farm loans at commercial banks have increased between 1.0 and 1.5 percentage points since 2015.

2018 Ag Symposium Agenda Available

April 23, 2018 | Ag Symposium
The program overview and agenda for the 2018 Agricultural Symposium, "Agriculture in a Global Economy," is now available. View the agenda.

Agricultural Lending Increases, As Do Interest Expenses for Farmers

February 02, 2018
Lending at agricultural banks increased sharply in the fourth quarter, after appearing to stabilize in previous quarters.

As Winter Looms, Key Risks Keep Ag Outlook Cool

January 10, 2018 | Ag Outlook
The outlook for agriculture remains downbeat but is beginning to show signs of stabilization.

Farm Economy Seeks Footing

November 09, 2017 | Ag Credit Survey, Third Quarter 2017
The farm economy in the Tenth District continued to show signs of stabilizing in the third quarter of 2017, even as financial stress continued to build and income continued to decline. 

Farm Lending Stabilizes, but Bank Liquidity Tightening

October 19, 2017
Lending at agricultural banks appeared to stabilize in the third quarter of 2017, but risks in the sector have remained alongside a persistently weak agricultural economy.

View Videos, Read Papers from the 2017 Ag Symposium

September 27, 2017 | Ag Symposium
Visit the 2017 Ag Symposium page to view videos and resources from this year's symposium. Speaker papers are also available in a special issue of Economic Review. Find information and resources from past Ag Symposiums here

Farm Economy Softens Further, But Shows Signs of Stabilizing

August 10, 2017 | Ag Credit Survey, Second Quarter 2017
A prolonged downturn in the agricultural economy continued in the second quarter, but recent data suggest that conditions in the farm sector may be stabilizing.

Ag Symposium Presentations Available

June 16, 2017 | Ag Symposium
Speaker presentations from this year's Agricultural Symposium, Agricultural Consolidation: Causes & the Path Forward, are now available. Additional resources from the Symposium will be available in the coming months. 

Senate Ag Committee Testimony

May 25, 2017 | Congressional Testimony
Nathan Kauffman shared an update on recent developments in the U.S. farm sector with the Senate Committee on Agriculture, Nutrition, and Forestry. 

Regional Farm Sector Stress Intensifies

May 11, 2017 | Ag Credit Survey, First Quarter 2017
The farm economy in the Tenth District weakened in the first quarter of 2017, but conditions varied from east to west.

Persistent Large Inventories, Low Prices

April 17, 2017 | Ag Outlook
Sentiment about the 2017 outlook for agriculture has varied somewhat by scale and commodity. Nationally, the forecast for farm income suggested the downturn in the agricultural industry would continue in 2017.

Farm Lending Continues to Moderate

April 21, 2017
Lending activity at agricultural banks continued to decline in the first quarter of 2017. As economic conditions in the farm sector have remained weak, borrowers and lenders have sought to make some adjustments in financing agricultural production. 

2017 Agricultural Symposium Agenda

March 27, 2017 | Ag Symposium
The agenda is now available for the 2017 Agricultural Symposium, Agricultural Consolidation: Causes and the Path Forward. 

Economist Shares Update on Ag Economy with House Committee

February 15, 2017 | Congressional Testimony
Nathan Kauffman provided a statement on the current environment in agricultural credit markets and farm finances before the House Committee on Agriculture. 

Slump in Farmland Values Continues

February 09, 2017 | Ag Credit Survey, Fourth Quarter 2016
Farmland values and cash rents declined moderately in the fourth quarter of 2016. Bankers across the Tenth District noted that persistent weakness in farm income continued to weigh on farmland values.

Agricultural Wealth: Assessing the dispersion of farmland values in the Tenth District

January 23, 2017 | tenmagazine
Although average farmland values have declined modestly over the past couple of years, farmland values in some areas have fallen sharply while values in other areas have risen. 

Volume of New Ag Loans Drops

January 20, 2017
Farm lending activity at commercial banks slowed significantly in the fourth quarter as lenders and borrowers assessed economic prospects for 2017.

Headwinds to Ag Outlook Remain Despite Strength in Exports

December 29, 2016 | Ag Outlook
Some agricultural commodity prices in the U.S. got a boost from exports over the summer, but elevated exports seemed to only keep prices for some commodities from dropping further.

The Dispersion of Farmland Values in the Tenth District

December 01, 2016 | Economic Review
This article from the Economic Review examines the widening dispersion of farmland values in the Tenth Federal Reserve District and finds that land quality, climate, and commodity sales have played important roles.

Final 2016 Ag Symposium Materials

November 04, 2016 | Ag Symposium
All resources from the 2016 Agricultural Symposium are now available, including special issue of the Economic Review featuring a foreword from Bank President Esther George and papers from the symposium speakers, a summary article from TEN Magazine, and session transcriptsVisit the 2016 Ag Symposium page for more information. 

Farm Lending Declines, But Remains Elevated

October 27, 2016 | Ag Finance Databook
Farm lending at commercial banks declined in the third quarter of 2016, but remained elevated as lenders continued to assess the downturn in the U.S. agricultural economy. 

U.S. Farm Economy Slumps into the Fourth Quarter

September 28, 2016 | Ag Outlook
The U.S. farm economy weakened further in the third quarter despite an upward revision to farm income projections.

Ag Credit Conditions Deteriorate Further

August 11, 2016 | Second Quarter 2016
Agricultural credit conditions throughout the seven-state Tenth District continued to deteriorate in the second quarter of 2016 as farm income remained subdued.

Prolonged Need for Lending Pressures Farm Finances

July 22, 2016 | Ag Finance Databook
The need for farm lending remained high in the second quarter of 2016, driven by ongoing demand for operating loans.

Ag Symposium Papers and Presentations

July 12, 2016 | Ag Symposium
Speaker papers and presentations from the 2016 Agricultural Symposium, "Agriculture's Water Economy," are now available.

Agriculture's Business Climate

July 07, 2016 | Speech
As agriculture faces the third consecutive year of a downturn, financial stress among ag borrowers and lenders could be more pronounced in the near future. 

Farm Debt Accumulating

May 12, 2016 | First Quarter 2016
Further increases in farm debt pointed to growing concerns about the Tenth District’s agricultural economy. Loan demand continued to rise, repayment rates continued to weaken, and almost all District bankers reported that farm income declined in the first quarter of 2016.

Tightening in the Ag Belt

April 13, 2016 | TEN Magazine
The record revenue growth of the last few years has given way to tightening in the U.S. agricultural industry, and analysts say these conditions could last a few years. Read the TEN article, which highlights a recent agricultural outlook and the Agricultural Credit Survey

Mounting Pressure in the U.S. Farm Sector

March 31, 2016 | Ag Outlook
The U.S. agricultural economy has continued to weaken through the first quarter of 2016 and is expected to remain soft throughout the year. Future cash flow appears likely to remain a top concern for producers over the coming year as agricultural credit conditions, and the path of interest rates, evolve. 

Farm Economy Tightens Further

February 11, 2016 | Fourth Quarter 2015
Farmland values in the Tenth District softened in the fourth quarter as farm income continued to weaken.

Economist Shares Insights on Ag Economy with Senate Committee

March 01, 2016
Nathan Kauffman provided a statement on economic conditions in the farm sector before the Senate Committee on Appropriations.

Farm Loan Volumes Holding at High Levels

January 27, 2016 | Ag Finance Databook
Levels of non-real estate farm lending at banks remained high in the fourth quarter despite a modest decline from a year earlier.

Supply and Demand Fundamentals Weighing on Ag Economy

January 13, 2016 | Ag Outlook
The outlook for the ag economy has continued to become more pessimistic. Recent supply and demand fundamentals have weighed on crop prices amid continued expectations for falling farm income in all states in the Tenth District.

Farm Sector Slowdown Intensifies

November 12, 2015 | Ag Credit
Farm income in the Tenth District dropped in the third quarter, intensifying concerns about farm sector liquidity and credit conditions in the coming months.

Short-Term Financing Needs Still Rising

October 27, 2015 | Ag Finance Databook
Reduced farm income continued to drive demand for short-term financing to cover operating costs. Both the number and volume of operating loans originated increased in the third quarter of 2015.

Tightening Farm Income Continues to Loom

September 23, 2015 | Ag Outlook
An increased debt burden, persistently lower profit margins and existing headwinds for crop prices could continue to affect the U.S. farm economy into 2016, and further intensify concerns about emerging financial stress for the sector.

Signs of Financial Strain but Repayment Problems Still Minor

August 13, 2015 | Ag Credit
Agricultural credit conditions in the Tenth District of the Federal Reserve continued to weaken in the second quarter of 2015, but despite that weakening most bankers reported few significant problems with loan repayment.