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


Farmland Values Will Continue to Slump According to Kansas City Federal Reserve's Ag Credit Survey

Thu, 09 Feb 2017 09:58:46 CST

Farmland Values Will Continue to Slump According to Kansas City Federal Reserve's Ag Credit Survey Farmland values and cash rents declined moderately in the fourth quarter of 2016, according to the Federal Reserve Bank of Kansas City’s Agricultural Credit Survey.



Bankers across the seven-state Tenth District noted that persistent weakness in farm income continued to weigh on farmland values. On average, nonirrigated and irrigated farmland values dropped 6 percent, and ranchland values fell 7 percent from the same period last year. Cash rents for nonirrigated and irrigated cropland each fell 8 percent while ranchland cash rents fell 12 percent from the fourth quarter of 2015.



Credit conditions also weakened alongside lower farm income, and bankers have adopted some risk prevention measures in response. For example, variable and fixed interest rates increased for all types of farm loans. More than 30 percent of bankers also reported an increase in collateral requirements, the largest share in survey history. Though a credit shortage currently appears unlikely, marginal producers may find it harder to obtain financing at the same pace as when farm credit conditions were stronger.



Read the full report here.



Source - Federal Reserve Bank of Kansas City




   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 22 Jun 2018 14:28:27 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, June 22, 2018  Fri, 22 Jun 2018 14:16:14 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn   Fri, 22 Jun 2018 13:51:59 CDT
  • As Farm Bill Efforts Progress, Rep. Frank Lucas Lays Out the Work Ahead for Congressional Leaders  Fri, 22 Jun 2018 13:20:31 CDT
  • AFR Boasts Record Attendance at Annual Golf Tournament, Generates Thousands for Charity Show  Fri, 22 Jun 2018 12:27:10 CDT
  • BIO Applauds Congressional Action to Reauthorize Funding for USDA's Biotech & Ag Trade Program  Fri, 22 Jun 2018 11:51:24 CDT
  • Zoetis Releases New Advanced Genotyping Platform Developed in Partnership with Angus Genetics  Fri, 22 Jun 2018 11:42:30 CDT
  • Pork Producers Praise House Leaders for Farm Bill's Inclusion of Provisions for an FMD Vaccine Bank  Fri, 22 Jun 2018 11:30:30 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling American Farmers & Ranchers KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.