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State Fact Sheet

Third Quarter 2013 Agricultural Credit Conditions Survey

December 1, 2013

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
-
-
4
9
-
3
Net farm income
33
-
22
29
50
28
Farm household spending
10
-
-
4
25
6
Farm capital spending
43
-
22
21
29
27
Loan demand
41
-
17
9
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
7
-
4
-
25
5
Referrals to other lenders
3
-
5
5
-
3
Amount of collateral required
3
-
9
22
-
9
Loan Demand
14
11
22
43
-
22

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

Return to: Tough weather, lower crop prices take toll on district farmers