Non-Real Estate Farm Loan Volumes by Purpose

Farm Lending Spikes in 3Q, Equipment Loan Volumes Increase

The Kansas City Fed reports the total volume of non-real estate farm loans in the third quarter was more than 30% higher than one year ago, which follows steady increases earlier in the year and also represents the largest annual percentage increase in any third quarter since 2002. The report analyzes the findings of the National Survey of Terms of Lending to Farmers.

Although this spike in farm lending was driven primarily by operating loans…

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