Author
Joe Mahon
Director, Regional Outreach
State Fact Sheet 2019 Q3
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 |
54
|
-
|
56 | 42 | 17 | 44 |
| Net farm income |
65
|
60 | 76 | 58 | 17 | 62 |
| Farm household spending |
35
|
20 | 47 | 37 | 17 | 36 |
| Farm capital spending |
54
|
25 | 71 | 72 | 33 | 59 |
| Loan demand |
19
|
20 | 29 | 16 | - | 19 |
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 |
58
|
- | 76 | 28 | 33 | 49 |
| Referrals to other lenders |
12
|
- | - | - | - | 5 |
| Amount of collateral required |
20
|
-
|
- | 32 | 17 | 17 |
| Loan demand |
35
|
40
|
18
|
26
|
17 | 27 |
Note: The Upper Peninsula of Michigan is not part of the survey.
Return to: Ag lenders concerned about trade and weather, but farmers bolstered by price rally
Joe Mahon
Director, Regional Outreach
Joe Mahon is a Minneapolis Fed regional outreach director. Joe’s primary responsibilities involve tracking several sectors of the Ninth District economy, including agriculture, manufacturing, energy, and mining.
