National Ag News
Ag lender survey finds increased loan demand
May 3, 2017, 11:35 AM
by
System
Almost 90 percent of agricultural lenders report declines in farm profitably and expect increases in loan demand this year.
Brittany Kleinpaste Director of Economic Policy and Research with the American Bankers Association, tells Brownfield they have created a biannual joint survey with Farmer Mac to take a pulse on the ag lending environment amid a declining farm economy. “Our respondents noted that they expect about 60 percent of their agricultural borrowers to be profitable in 2016 and that number to decline slightly into 2017.
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