Contact Us

Farm Profitability Still Down, But Improving

LOGO_AM_Ag-News-B_600x420

A new survey of bankers shows 82 percent of agricultural lenders reported a decline in farm profitability in the last 12 months. However, the pace of the decline has slowed.

The survey produced by the American Bankers Association and Farmer Mac shows 51 percent of agricultural lenders noted an increase in the demand for agricultural operating loans, while there was no notable change in the demand for agricultural real estate loans.

Despite the findings, the survey of more than 580 agricultural lenders revealed that the agricultural loan approval rate is 84 percent. An ABA spokesperson says that overall, the data shows that lenders are “a little more optimistic about what’s ahead,” compared to last year.

The survey, conducted twice per year, is a joint effort to provide a look at the agricultural economy and market forces from the perspective of ag lenders. The next survey is scheduled to launch in December 2017.

Click Here For More AG News on KOEL.com

Source:  NAFB News

 

Best of the Web

Best of KOEL.com

Recommended For You

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://koel.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for AM 950 KOEL quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive AM 950 KOEL contests, events, coupons, presales, and much more delivered to you for FREE.