The Federal Reserve says farmland values in the Midwest during the third quarter have remained stable.
Senior business economist David Oppedahl in the Chicago District tells Brownfield credit concerns among lenders are growing. “With the current revenues being very challenging, [farmers] would like to extend loans and are having a harder time repaying loans at the same time interest rates are rising.”
Farmland values in his district were one percent higher than last year but showed the first quarterly decline in almost two years.
Continue reading Credit concerns increasing among Midwest ag bankers at Brownfield Ag News.
