Agricultural Credit Conditions Survey

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State Fact Sheet

First Quarter 2009 Agricultural Credit Conditions Survey

Published April 1, 2009  |  April 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
17
36
15
27 
56
24
Net farm income
49
64
52
67
88
58
Farm household spending
32
45
30
43
50
37
Farm capital spending
50
56
41
64
88
54
Loan demand
32
18
26
 17 
33
 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
20
45
19
20
56
 25
Referrals to other lenders
12
4
  5
Amount of collateral required
23
36
11
27
22
 22
Loan Demand
25
 27 
19
28 
33
 25

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

Return to: Agriculture declines during the first quarter of 2009

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