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.
As farmers’ profit margins remain low going into 2016, levels of non-real estate farm lending at commercial banks persisted at high levels at the end of fourth quarter 2015.
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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.