A Kansas City Federal Reserve survey says the farm economy in the Fed’s Tenth District dipped in the second quarter of 2018 as commodity prices dropped, weakening agriculture credit conditions. Despite that, the survey indicates farmland values in the seven states have remained about steady, which has supported agricultural credit markets.
The farm income decline accelerated slightly in the second quarter corresponding to the June commodity price slump. Farm income is expected to remain under pressure in coming months, especially in states more dependent on soybeans targeted by retaliatory tariffs.
Continue reading Fed survey indicates repayment issues at Brownfield Ag News.
