Agricultural Credit Conditions Survey

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State Fact Sheet

Third Quarter 2008 Agricultural Credit Conditions Survey

Published October 1, 2008  |  October 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 5 11 7      5
Net farm income  5 22 21 10
   10
Farm household spending 11 11 7 10      7
Farm capital spending  2 22 25 20
   11
Loan demand 14 11 11 17 40
   17

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 14 11       6
Referrals to other lenders  5       2
Amount of collateral required 18 18 14 20     16
Loan demand 39 22 43 48 30     39

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

Return to: “Current agricultural conditions are positive”

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