Skip to main content

State Fact Sheet

Third Quarter 2008 Agricultural Credit Conditions Survey

October 1, 2008

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 5 11 7      5
Net farm income  5 22 21 10
   10
Farm household spending 11 11 7 10      7
Farm capital spending  2 22 25 20
   11
Loan demand 14 11 11 17 40
   17

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 14 11       6
Referrals to other lenders  5       2
Amount of collateral required 18 18 14 20     16
Loan demand 39 22 43 48 30     39

Note: The Upper Peninsula of Michigan is not part of the survey.

Return to: “Current agricultural conditions are positive”