News

KC Fed-Farm Loan Volume Up 30%


Large operating loans made by large agricultural banks led to a significant increase in farm lending in the third quarter of 2018, according to the Federal Reserve’s Agricultural Finance Databook.

The total volume of non-real estate farm loans was more than 30 percent higher than a year ago. A sharp increase in the volume of loans exceeding $1 million was a primary contributor to the increase in non-real estate farm lending. In the third quarter, the volume of loans larger than $1 million nearly doubled and accounted for almost 40 percent of total non-real estate lending during the reporting period.

In particular, a majority of the increase was supported by loans used to fund current operating expenses. The increase in the size of loans also sharply increased the share of agricultural lending at large banks while interest rates on farm loans continued to trend upward.

To read the report click here.

Source: AgriMarketing

ProAg Quick Links

Agent Toolbox Grower Toolbox Careers

ProAg News

Mild Temps Help Midsummer Fruit Crops

After weather extremes brought a rocky start to the season, the early summer’s mild afternoons have been a boon to peaches and other Central Valley fruits....

Feedback From The Field-July 22, 2019

The 2019 growing season has seen just about every type of weather imaginable, and last week conditions were almost as varied depending on where you farm. ...
Get ProAg updates via email
Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now

×