Deterioration continues for ag credit conditions

Weak farm income and worsening credit conditions continue to trim farmland values.

Agricultural credit conditions throughout the Tenth District continued to deteriorate in the second quarter of 2016 as farm income remained subdued, according to the latest quarterly report from the Kansas City Federal Reserve’s Ag Credit Survey.

Repayment rates for farm loans softened again and bankers reported a modest increase in both loan repayment problems and the number of loan applications that were denied, said Nathan Kauffman, assistant vice president and Omaha branch exec

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