Source: Sara Schafer, AGWEB, 6/2/21


The tide has turned, and it turned rapidly. The latest round of agricultural credit condition surveys from the Federal Reserve banks shows improved strength in the agricultural economy. This strength is exhibited in several key metrics, write Nathan Kauffman, Federal Reserve Bank of Kansas City vice president, economist and Omaha branch executive, and Ty Kreitman, Federal Reserve Bank of Kansas City assistant economist. Those metrics include farm income, farm loan repayment rates, overall farm loan demand, interest rates and farmland values.

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