According to the recent quarterly agricultural credit conditions survey, a net 7.2% of respondents reported demand for non-real estate farm loans decreased in the third quarter relative to the same time period last year. Specifically, 18.9% of respondents reported a decrease in loan demand and 11.7% said demand had increased during the quarter. Farm machinery loans were among the types of loans that saw the biggest decreases in volume for the third quarter, with a net 16.5% of bankers reporting decreases.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.