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Chicago Fed Records 35-Year Low in Farm Loan Demand Index

September 3, 2021 | Posted in Data & Trends

The index of loan demand was 63 for the second quarter of 2021; this was the lowest reading since the fourth quarter of 1986.

Chicago Fed: Improved Ag Credit Conditions, More Farm Equipment Loans in 2021

February 18, 2021 | Posted in Data & Trends

Surveyed bankers indicated farm machinery and grain storage construction loan volumes were anticipated to increase, while the volume for operating loans was anticipated to be flat.

Chicago Fed: Farm Loan Demand Down, Credit Conditions Mixed

November 18, 2020 | Posted in Data & Trends

Farmland values for the Seventh Federal Reserve District were up 2% in the third quarter of 2020 from a year ago, given support from lower interest rates, additional government payments and some rising agricultural prices.

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.

Chicago Fed: 1Q20 Ag Credit Conditions Decline; Farmland Values Up 1%

May 18, 2020 | Posted in Data & Trends

“With the prices of most farm products dropping as the quarter ended, it’s not much of a surprise that key measures of [Seventh] District agricultural credit conditions deteriorated during the first quarter of 2020,” said David Oppedahl, senior business economist for the Federal Reserve Bank of Chicago in the May 2020 Ag Letter.

March Beige Book: Mixed Conditions, Worries Over Coronavirus

March 15, 2020 | Posted in Data & Trends

The March 2020 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, mixed conditions were reported across the districts, including falling corn and soybean prices, decreased capital spending and worries about the potential impact of the coronavirus outbreak.

January Beige Book: Low Commodity Prices, USMCA Signing Create Mixed Ag Conditions

January 21, 2020 | Posted in Data & Trends

The January 2020 Beige Book, released by the Federal Reserve System, included conditions impacting agriculture throughout the country. In this edition, it was noted that agricultural conditions were mixed across the districts, impacted by low commodity prices, trade conflicts, drought and the signing of the USMCA.

Rising Interest Rates, Repayment Issues Contribute to Dip in Farm Economy

September 28, 2018 | Posted in Data & Trends

Quarterly reports on surveys of bankers in three Midwestern Federal Reserve Bank districts indicate that rising interest rates and low commodity prices may impact farmers’ decisions on making larger, long-term investments in the near future. Farm equipment dealers should take note of this trend, as higher interest rates for farmers mean they will be less willing, or able, to take out a loan for capital expenditures.

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Deere Confident on ‘Producing to Demand’ in Fiscal Year 2025

Art’s Way Reports 3Q Ag Sales Drop 46%, Parts Ways with CEO

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Deere Production Could be Down 10-15% Next Year

In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.

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