farm

Farm Bank Lending Increased in 2023

Will Jordan General

Agricultural loan demand increased in 2023, and agricultural lending by U.S. farm banks grew 6.7 percent to $110 billion. The American Bankers Association’s (ABA) annual Farm Bank Performance Report credits elevated production costs, commodity price volatility, and a return to pre-COVID levels of direct government payments. The ABA says farm banks continued to enjoy solid performance in 2023, with robust …

farm

Large Loans Drive Further Increases in Farm Lending

Dan Economy, Industry News Release

(NAFB) — Growth in the average size of farm operating loans boosted agricultural lending in the second quarter of 2019. A Kansas City Federal Reserve Bank report shows the volume of loans increased 11 percent compared with 2018. The pace of growth is the fastest in the second quarter since 2011. Operating loans continues as the majority of non-real estate …

safety nets

Farm Bank Lending Rises to $108 Billion in 2018

Dan Economy, Industry News Release

U.S. farm banks increased agricultural lending by 5.3 percent, or $5.5 billion, to $108 billion in 2018. The American Bankers Association recently released its annual Farm Bank Performance Report. The report found that in 2018, farm banks’ asset quality remained healthy and non-performing loans stayed at a pre-recession level of 0.52 percent of total loans. The report is an analysis …

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Federal Reserve: Farm Loan Volume Increasing

Dan Economy, Industry News Release

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 Kansas City Federal Reserve Bank. 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 …

farm

Ag Lenders Pessimistic About Farm Profits

Dan Industry News Release

Farmers are still feeling the pressure of a lagging farm economy. A joint survey from the American Bankers Association and the Federal Ag Mortgage Corporation confirms the pressure. Nearly 90 percent of ag lenders report an overall decline in farm profitability over the last year. 84 percent indicate there are higher levels of operating leverage as a result. The survey …

farm

Farm Banks Report Ag Lending Gains in 2016

Dan Economy, Industry News Release

Farm banks increased their agricultural lending by 5.3 percent in 2016 and held $103.4 billion in ag loans at year’s end, according to the American Bankers Association’s annual Farm Bank Performance Report. Despite overall declines in farm income, farm banks continued to maintain healthy asset quality and capital levels. More than 97 percent of farm banks were profitable in 2016, …

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Farm Lending Continues to Moderate

Dan Industry News Release

Lending activity at agricultural banks across the country continued to decline in the first quarter of 2017. A report from the Federal Reserve Bank of Kansas City says economic conditions in the farm sector are still weak, so borrowers and lenders have worked together to make adjustments in financing agricultural production across America. Ag lenders are making more adjustments to …

Budget Patch Averts Ag Lending Crisis

Dan Industry News Release

All available ag lending money the government had was given out to farmers during the last fiscal year to help them through the worst economic downturn in decades. An Associated Press article says, despite that, no one who qualifies for a farm loan will be turned down over the next four months, thanks in part to an unusual item recently …