By Nathan Kauffman, Vice President and Omaha Branch Executive and Ty Kreitman, Assistant Economist, Federal Reserve Bank of Kansas City
Farm lending slowed alongside the initial effects of the pandemic and a more pessimistic outlook for agricultural economic conditions. The volume of total non-real estate farm loans continued into a yearlong trend of declines during the second quarter of 2020. The slowdown in lending generally was consistent across all types of loans.…
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