State Fact Sheet - Outlook - Agricultural Credit Conditions Survey - Publications & Papers | The Federal Reserve Bank of Minneapolis

Agricultural Credit Conditions Survey

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State Fact Sheet - Outlook

Third Quarter 2008 Agricultural Credit Conditions Survey

Published October 1, 2008 | October 2008 issue

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Percent of respondents who expect decreased levels for the next three months:

	MN	MT	ND	SD	WI	Ninth District
Rate of loan repayments	5	22	7	7	10	8
Net farm income	12	22	29	10	30	18
Farm household spending	9	11	7	14	20	12
Farm capital spending	7	22	29	10	40	17
Loan demand	7	11	21	36	20	10

Percent of respondents who expect increased levels for the next three months:

	MN	MT	ND	SD	WI	Ninth District
Loan renewals or extensions	23	22	7	7	10	14
Referrals to other lenders	5	11	4	—	—	3
Amount of collateral required	23	11	14	18	10	18
Loan demand	51	22	32	25	10	34

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

Return to: “Current agricultural conditions are positive”

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