Agricultural Credit Conditions Survey

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State Fact Sheet

Second Quarter 2008 Agricultural Credit Conditions Survey

Published August 1, 2008  |  August 2008 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
22
3
3
Net farm income
2
12
10
3
9
6
Farm household spending
2
12
10
3
9
6
Farm capital spending
12
14
3
10
6
Loan demand
16
11
28
27
36
23 

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
2
25
4
18
5
Referrals to other lenders
5
4
9
3
Amount of collateral required
7
11
7
13
9
9
Loan demand
38
44
52
30
18
38 

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

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Narayana Kocherlakota