Kansas City Fed: Farm Lending Remains Elevated, But Loan Volume Declines in 4Q19

The volume of agricultural lending at commercial banks remained elevated but declined for a second consecutive quarter, according to the Federal Reserve Bank of Kansas City’s latest Ag Finance Databook report. Total non-real estate farm loans decreased about 12% in the fourth quarter and declined over consecutive quarters for the first time since early 2017. Following average annual growth of more than 10% in 2017 and 2018 and several quarters of sharp increases, lending activity…

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