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State Fact Sheet

Third Quarter 2010 Agricultural Credit Conditions Survey

October 1, 2010

State Fact Sheet

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
-
3
3
25
5
Net farm income
12
8
10
10
12
11
Farm household spending
12
8
3
7
29
9
Farm capital spending
10
17
3
17
38
13
Loan demand
22
17
14
32
25
22

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
5
8
3
6
50
8
Referrals to other lenders
5
-
-
4
12
4
Amount of collateral required
8
8
10
13
25
11
Loan Demand
15
17
17
10
25
15

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

Return to: Farm income holds steady in third quarter 2010; outlook is positive