Agricultural Credit Conditions Survey

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State Fact Sheet

Second Quarter 2004 Agricultural Credit Conditions Survey

Published July 1, 2004  |  July 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
2
17
4
8
-
5
Net farm income
-
-
4
5
-
2
Farm household spending
-
8
4
3
-
2
Farm capital spending
-
8
12
5
-
5
Loan demand
17
8
4
6
50
13

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
-
25
4
11
10
7
Referrals to other lenders
-
 8
4
 3
10
3
Amount of collateral required
-
17
-
 8
-
4
Loan Demand
19
42
46 
42
20
33 

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

Return to: Ag conditions remain strong despite cool weather

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