Tenth-District-Farm-Income-and-Soybean-Prices

KC Fed Ag Credit Survey: Lower Income Continues to Pressure Farm Finances

Farm income and credit conditions continued to deteriorate in the third quarter of 2018, according to the Tenth District Survey of Agricultural Credit Conditions. Expectations for farm income and loan repayment rates were lowest for areas and operations more concentrated in soybean, corn, hog and dairy production as uncertainties surrounding trade continued. Alongside lower repayment rates, working capital deteriorated moderately while bankers’ loan portfolios in crop-producing states showed slightly higher levels of risk. Although farmland…

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