Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


Credit Conditions Remain Solid Despite Lower Farm Income

Thu, 14 Aug 2014 11:31:50 CDT

Credit Conditions Remain Solid Despite Lower Farm Income

Most agricultural bankers in the seven-state Tenth District reported solid credit conditions in the second quarter of 2014, but longer-term concerns about credit quality have begun to emerge, according of the Federal Reserve Bank of Kansas City’s quarterly Survey of Agricultural Credit Conditions.


Although bankers reported very few past-due farm loans, loan repayment rates have weakened since last year, particularly in crop-producing regions. Credit standards, however, were little changed and bankers indicated funds were available to satisfy a sharp rise in loan demand.


Despite continued strength in the livestock sector, Tenth District farm income remained well below year-ago levels due to falling crop prices and poor winter wheat yields. Most bankers surveyed acknowledged a connection between the strength of the farm economy and Main Street business activity in rural communities. While half of survey respondents felt a strong farm economy was supporting further economic growth in their areas, 40 percent saw signs of weakness in the farm economy that was also dampening Main Street business activity.


Cropland values generally held at high levels while strong demand for high-quality pasture pushed ranchland values higher. Current trends in farmland values were expected to continue for the rest of the growing season with cropland values holding at high levels and ranchland values rising further.


Click here for the complete survey.


   


 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday, April 3, 2020 Market Wrap-Up with Justin Lewis  Fri, 03 Apr 2020 15:39:59 CDT
  • Global Changes Could Impact U.S. Farmers' Spring Planting Intentions Says USDA Chief Economist Rob Johansson  Fri, 03 Apr 2020 14:30:08 CDT
  • Despite Global Challenges, U.S. Pork and Beef Exports on Record Pace through February  Fri, 03 Apr 2020 14:07:52 CDT
  • USDA Adds Additional Flexibilities for Crop Insurance to Support America’s Farmers and Ranchers  Fri, 03 Apr 2020 13:18:47 CDT
  • Coronavirus Impact Ripples Across Farm Country  Fri, 03 Apr 2020 14:15:59 CDT
  • *Deadline Extended* OKFB Accepting Applications for $1,000 Scholarships  Fri, 03 Apr 2020 11:39:47 CDT
  • National Sorghum Producers to Open Board Director Applications  Fri, 03 Apr 2020 10:17:47 CDT
  • USDA Announces Second Application Window for Distance Learning and Telemedicine Grant Program Funding  Fri, 03 Apr 2020 10:15:47 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.