K.C. Fed: Stronger farmland values support farm economy
February 13, 2020 By Ken Anderson Filed Under: Ag economy, Missouri, Nebraska
A report from the Kansas City Federal Reserve Bank says stronger farmland values are providing support to the ag sector amid ongoing financial challenges.
A survey of the district’s bankers shows non-irrigated
cropland values and cash rents increased slightly in the fourth quarter of
Although credit conditions in the district remained
weak in the fourth quarter, bankers indicated the rate of deterioration was
slower than it’s been in more than four years. They say Market Facilitation Program
payments provided “notable support” to farm finances in 2019.
The Fed’s Tenth District includes Nebraska, Kansas,
western Missouri, Colorado, Oklahoma, New Mexico and Wyoming.
Your email address will not be published.
Subscribe for our newsletter today and receive relevant news straight to your inbox!