Farm lending up despite declining number of farm banks

More than 97% of all farm banks were profitable in 2015, while 63% reported year-over-year increase in earnings.

Farm lending posted solid growth during 2015, according to the 2015 "Farm Bank Performance Report" published by the American Bankers Assn. (ABA). Total farm loans at farm banks increased 7.9% to $100.3 billion in 2015, up from $94.6 billion in 2014. More than one in every three dollars lent by a farm bank was for an agricultural loan.

Farm banks posted solid earnings in 2015, reporting total net income of $4.4 billion. More than 97% of all farm banks were profitable in 2015, while

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