Long-Term Optimism Down Among Ag Lenders

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The following is portion of an article from Drovers CattleNetwork:

by Mary Soukup

Lower expected land values, increased anticipated interest rates and an expected increase in non-performing loans has agricultural lenders less optimistic than they were last fall according to the Spring 2014 Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics.

The semi-annual, nationwide survey of lending institutions specialized in agriculture gauges short- and long-term expectations of various aspects of the future lending environment. The most recent survey focused on the following areas:  farm loan interest rates; spread over cost of funds; farm loan volumes; non-performing loan volumes; and farm land values. Within each area, different loan types were assessed and responses were categorized by agricultural sector (corn and soybeans, wheat, beef, dairy, etc.). Total agricultural loan volume of all respondents was estimated at $144 billion.


CLICK HERE to read the remainder of this article.

Source:  Drovers CattleNetwork

Posted by Haylie Shipp

 

 

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