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MLFi new business volume June 2020

Equipment Financing New Business Volume Drops 26% in May

June 25, 2020 | Posted in Data & Trends
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for May was $6.7 billion, down 26% year-over-year from new business volume in May 2019. Volume was down 18% month-to-month from $8.2 billion in April.
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1Q20 Ag Credit Conditions Decline as Loan Demand Rises

June 15, 2020 | Posted in Data & Trends
Agricultural credit conditions in the Kansas City Fed’s Tenth District and the Chicago Fed’s Seventh District slipped in the first quarter of 2020, impacted by the effects of the COVID-19 pandemic. As commodity prices drop, so has farm income, loan repayment rates and loan interest rates. At the same, farmland values have increased slightly or remained flat during the pandemic. 
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FAPRI Updates 2020 U.S. Ag Markets Outlook

June 12, 2020 | Posted in Commodities, Data & Trends
The outbreak of COVID-19, as well as U.S. government response to the outbreak, continues to impact agricultural markets, disrupting supply chains, shifting consumer demand and expanding government outlays. Beyond the near term opening of the economy, the macroeconomic contraction is likely to have longer lasting effects.
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What's Next for the Farmland Market?

June 10, 2020 | Posted in Data & Trends
According to a report from Farmers National Company, following the COVID-19 outbreak, the land market hit the pause button as buyers and sellers slowed activity. Opposing factors will be pushing and pulling land values in the coming months to decide what’s next for the land market.
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