KC Fed Bank: Large Loans Drive Further Increases in Farm Lending

The July 18 Kansas City Federal Reserve Bank’s Ag Finance Databook reports that growth in the average size of farm operating loans boosted agricultural lending in the second quarter of 2019. The size of farm loans has continued to rise and loans exceeding $1 million recently have had a significant effect on the overall volume of new loan originations. The average duration of farm loans also has lengthened alongside elevated demand for financing, another potential…

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