Improved Credit Conditions Due to Strengthening Agricultural Economy

The farm economy in the Tenth District of the Kansas City Fed has been struggling due to low commodity prices and high production costs. This has led to a decline in farm income and lower loan repayment rates for the second consecutive quarter, particularly in areas affected by drought. However, despite these challenges, agricultural real estate values have remained stable. Despite the softening of finances and higher interest rates, agricultural loan performance has remained steady thanks to strong financial performance over the past two years.

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