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Ag Credit Conditions Deteriorate Further

August 11, 2016
Agricultural credit conditions throughout the Tenth District continued to deteriorate in the second quarter of 2016 as farm income remained subdued.
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Second Quarter: Banker Comments from the Tenth District

August 11, 2016
Read comments from Bankers across the Tenth District.

A total of 210 banks responded to the Second Quarter Survey of Agricultural Credit Conditions in the Tenth Federal Reserve District—an area that includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico and the western third of Missouri. The survey panel consists of about one-third (360) of the Tenth Federal District's agricultural banks selected according to geographic distribution and size. Agricultural banks are those with a greater percentage of agricultural loans in their loan portfolios than the national average of about 15 percent. Survey results summarize several indicators of farm financial conditions, including farmland values, interest rates on farm loans, and credit supply and demand.