Already a subscriber? Login now
Chicago Fed: Ag Credit Conditions Decline Slightly; Farmland Values Down 1%
Agricultural credit conditions in the Seventh Federal Reserve District declined again in the third quarter of 2019. According to David Oppedahl, senior business economist at the Chicago Fed, repayment rates for non-real-estate farm loans were down relative to the third quarter of 2018, and loan renewals and extensions were up.