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. Although this spike in farm lending was driven primarily by operating loans, lending volumes increased notably for the purpose of buying farm machinery.
Reporting on the results of its second quarter Ag Credit Survey, economists from the Federal Reserve Bank of Kansas City suggest that, while still soft, the farm economy in the Fed’s Tenth District, is showing signs of stabilization.
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In this week's episode we look at the preliminary results of Farm Equipment and Ag Equipment Intelligence's latest Brand Loyalty Study. Also in this episode, dealers adjust their sales forecast for 2020 and Dealer Optimism takes a huge hit in March. Rocky Mountain Dealerships reported a decline in first quarter earnings and the Kansas City Federal Reserve Bank says farm lending slowed in the first quarter. In the Technology Corner, Jack Zemlicka discusses some non ag opportunities for precision services.