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

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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