Despite historic drought conditions, crop producers and lenders in Eighth District states appear likely to exit the year in satisfactory financial condition, but the situation is somewhat different for livestock producers.
Bank earnings were up moderately at the national level but were mixed in District states in the second quarter of 2012, while asset quality improved once again across all states. Overall, the District and national banking industries are in considerably better shape now than they were one year ago.
The St. Louis Fed’s Agricultural Finance Monitor quarterly reports on regional agricultural financial conditions, as well as bankers’ expectations of farmland values, farm loan repayment rates, required collateral, farm loan interest rates and credit supply and demand.
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