Despite numerous headwinds in 2022, agricultural lending by U.S. farm banks increased by 8.1% last year to $103.1 billion. The American Bankers Association’s annual Farm Bank Performance Report said the change is due to a 9.7% increase in outstanding loans, secured by farmland and a 5.9% increas...
The turbulent see-saw that is oil prices continues to move back and forth. Over the past week, West Texas Crude prices have moved lower, by slight amounts. Pattrick DeHaan with GasBuddy said the reason those prices have moved lower may have many people scratching their head.
“Good and ...
Farm loan interest rates increased sharply during the third quarter. The Federal Reserve Bank of Kansas City said despite the high borrowing costs, farm real estate values continued higher. However, the rate of increase slowed in the quarter.
Follo...
The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. On a scale of one to 100, with 50 representing growth neutral, the Economic Confidence Index plummeted to its lowest level since 2020. Almost ...