Agricultural Credit Conditions Survey

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State Fact Sheet

Third Quarter 2004 Agricultural Credit Conditions Survey

Published October 1, 2004  |  October 2004 issue

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

 
MN
MT
 ND
SD
WI
Ninth District
Rate of loan repayments
5
 6
 6
 5
Net farm income
16 
20
 9
33
15
Farm household spending
7
10
 5
Farm capital spending
12 
13
 6
22
10
Loan demand
9
20
 3
16
22
11

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


 
MN
MT
ND
SD
WI
Ninth District
Loan renewals or extensions
5
13
 3
6
11
6
Referrals to other lenders
2
1
Amount of collateral required
7
 7
10
6
11
8
Loan Demand
20 
20
16
28 
22
21 

Note: The Upper Peninsula of Michigan is not part of the survey.


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