NEWS
Farm Loan Renewals Up
Marcia Zarley Taylor DTN Executive Editor
Thu Feb 11, 2016 11:34 AM CST

HADDONFIELD, N.J. (DTN) -- Three straight years of falling farm incomes are beginning to extract a toll.

The outlook for ag credit conditions deteriorated sharply in late 2015, based on a fourth-quarter survey by the Kansas City Federal Reserve. Bankers expected a surge of farm loan demand and loan renewals and the steepest drop in repayment rates in the last decade, the survey found.

A similar survey by the Chicago Federal Reserve found 5.0% of the volume of its farm loan portfolio had "major" or "severe" repayment problems, up from 3.9% a year earlier. Lenders in the central Corn Belt ...

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