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News Release

Contact: Rosie Cataldo
612-204-5261

Date: September 25, 2002

Appendix - State Fact Sheet

Agricultural Credit Conditions Survey
Second Quarter 2002

Percent of respondents who reported decreased levels for the past three months compared with the same period last year:

 
MN
MT
ND
SD
Ninth District
Rate of loan repayments
29
44
21
45
33
Net farm income
49
56
54
68
58
Farm household spending
17
22
25
16
19
Farm capital spending
44
56
50
55
49
Loan demand
10
11
13
23
15

Percent of respondents who reported increased levels for the past three months compared with the same period last year:

 
MN
MT
ND
SD
Ninth District
Loan renewals or extensions
33
33
33
52
38
Referrals to other lenders
11
11
 5
10
 9
Amount of collateral required
24
44
 8
26
22
Loan Demand
37
29
42
31

Note: Wisconsin is omitted from this report due to the small number of survey respondents. The Upper Peninsula of Michigan is not part of the survey.

Return to: Ag Lenders Report Less Than Rosy Outlook

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