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State Fact Sheet 2019 Q3

November 15, 2019

Author

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.