Home News Livestock Crops Markets Hay, Range & Pasture Home & Family Classifieds Resources This Week's Journal



Farm Survey


AgriMartin
Journal Getaways


Reader Comment:
by jJane

"Thanks for sharing this story!"....Read the story...
Join other discussions.

Survey of Agricultural Credit Condtions released

The Federal Reserve Bank of Kansas City releases latest Survey of Agricultural Credit Conditions.

Tenth Federal Reserve District farm income and farmland values rose further in the first quarter of 2011, according to the Federal Reserve Bank of Kansas City's quarterly Survey of Agricultural Credit Conditions.

Shrinking crop inventories and intense competition for planted acreage lifted crop prices, while stronger protein demand boosted livestock prices. With robust farm income, farmland values posted sharp gains akin to the swift rise in 2008.

Across District states, cropland values surged 20 percent above year-ago levels. Bankers surveyed also reported a sharp jump in cash rental rates that echoed the rise in cropland values, especially for irrigated acreage. Most of the 256 respondents expected farmland values to stabilize during the next three months.

Farmers continued to finance farm real estate purchases with cash payments and existing equity. With stronger farm income, more borrowers boosted cash down payments and pledged equity for farmland purchases. Overall, bankers reported that borrowers financed about half of the total value of new farmland purchased with new debt.

After strengthening at the end of last year, farm credit conditions held steady in the first quarter. Loan repayment rates remained strong, and loan renewals and extensions held at low levels. Many bankers reported weak loan demand as producers paid for higher fertilizer, fuel and feed costs with cash. Still, some bankers expected farm loan demand to rise during the next three months.

The complete survey is available at www.KansasCityFed.org/agcrsurv/agcrmain.htm. For more information on agricultural and rural economies, visit www.kansascityfed.org/research/regionaleconomy/agriculture.cfm.



Google
 
Web hpj.com

Copyright 1995-2014.  High Plains Publishers, Inc.  All rights reserved.  Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at
High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com

 

Archives Search







Inside Futures

Editorial Archives

Browse Archives