Agricultural Credit Conditions Survey

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State Fact Sheet

Fourth Quarter 2008 Agricultural Credit Conditions Survey

Published January 1, 2009  |  January 2009 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
 9
50
24
25
11
21
Net farm income
32
60
48
53
56
46
Farm household spending
20
50
28
25
22
26
Farm capital spending
27
50
31
38
56
35
Loan demand
29
20
21
16
67
26

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
 7
50
 7
22
13
Referrals to other lenders
 5
11
 3
 3
Amount of collateral required
20
30
17
27
11
21
Loan demand
18
20
21
22
18

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

Return to: Agriculture slips in the fourth quarter of 2008.

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