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Farm Debt Accumulating

May 12, 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.
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First Quarter: Banker Comments from the Tenth District

May 12, 2016
Read comments from Bankers across the Tenth District.

A total of 213 banks responded to the First 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.