Archive of Ag Headlines
May 17, 2018 | Ag Credit SurveyFarm income and credit conditions continued to weaken in the first quarter of 2018, but at a slower pace than in previous quarters.
May 04, 2018Interest 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.
February 02, 2018Lending at agricultural banks increased sharply in the fourth quarter, after appearing to stabilize in previous quarters.
November 09, 2017 | Ag Credit Survey, Third Quarter 2017The 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.
October 19, 2017Lending 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.
September 27, 2017 | Ag SymposiumVisit 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.
August 10, 2017 | Ag Credit Survey, Second Quarter 2017A prolonged downturn in the agricultural economy continued in the second quarter, but recent data suggest that conditions in the farm sector may be stabilizing.
May 11, 2017 | Ag Credit Survey, First Quarter 2017The farm economy in the Tenth District weakened in the first quarter of 2017, but conditions varied from east to west.
April 17, 2017 | Ag OutlookSentiment 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.
April 21, 2017Lending 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.
February 15, 2017 | Congressional TestimonyNathan Kauffman provided a statement on the current environment in agricultural credit markets and farm finances before the House Committee on Agriculture.
February 09, 2017 | Ag Credit Survey, Fourth Quarter 2016Farmland 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.
January 23, 2017 | tenmagazineAlthough 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.
December 29, 2016 | Ag OutlookSome 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.
December 01, 2016 | Economic ReviewThis 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.
November 04, 2016 | Ag SymposiumAll 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 transcripts. Visit the 2016 Ag Symposium page for more information.
October 27, 2016 | Ag Finance DatabookFarm 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.
August 11, 2016 | Second Quarter 2016Agricultural credit conditions throughout the seven-state Tenth District continued to deteriorate in the second quarter of 2016 as farm income remained subdued.
July 22, 2016 | Ag Finance DatabookThe need for farm lending remained high in the second quarter of 2016, driven by ongoing demand for operating loans.
July 07, 2016 | SpeechAs agriculture faces the third consecutive year of a downturn, financial stress among ag borrowers and lenders could be more pronounced in the near future.
May 12, 2016 | First Quarter 2016Further 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.
April 13, 2016 | TEN MagazineThe 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.
March 31, 2016 | Ag OutlookThe 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.
March 01, 2016Nathan Kauffman provided a statement on economic conditions in the farm sector before the Senate Committee on Appropriations.
January 27, 2016 | Ag Finance DatabookLevels of non-real estate farm lending at banks remained high in the fourth quarter despite a modest decline from a year earlier.
January 13, 2016 | Ag OutlookThe 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 CreditFarm income in the Tenth District dropped in the third quarter, intensifying concerns about farm sector liquidity and credit conditions in the coming months.
October 27, 2015 | Ag Finance DatabookReduced 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.
September 23, 2015 | Ag OutlookAn 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 CreditAgricultural 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.