Banks Say Nebraska Farmers Struggle to Repay Loans

August 15, 2016 09:40 AM

OMAHA, Neb. (AP) — Economists from the Federal Reserve Bank of Kansas City say more borrowers raising livestock and row crops in Nebraska and surrounding states are struggling to repay loans as commodity prices stay low.

The Omaha World-Herald reports that bankers surveyed for the regional Fed's latest report on agricultural credit conditions indicated continued problems in the second quarter.

More lenders reported a growth in the volume of borrowers with repayment problems as well as a higher number of denied loan applications compared to last year.

Nebraska bankers say they haven't denied more loans to borrowers, but that financial situations are definitely getting tighter.

Todd Adams, chief executive of Adams Bank & Trust in Ogallala, says it's concerning that borrowers haven't been profitable for two years in a row.

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Spell Check

R&R Farms
Fremont, NE
8/12/2016 10:41 AM

  If they would get the real estate taxes lower in this state maybe people wouldn't have so much of a problem.

Kearney, NE
8/14/2016 06:32 AM

  Jordan,even if land prices fell 50% this year and stayed down, it would take years for real estate taxes in NE to decline. Our valuations can only go up(or down) a certain amount per year, and they haven't yet reached their peak. As thus, our real estate taxes will be higher again next year. NE is a mess. We will pay the price for the Fed's ZIRP for a long time.

Blue Rapids, KS
8/16/2016 07:58 AM

  Poor greedy big shots. We just came off the best times in ag history and you are already broke. What poor managers. If you would have saved some money instead of pissing it away on equipment you did not need and over priced ground that anyone with half a brain knew would not work out. Then you would still be sitting fine. But once again you blame anyone but yourself for the mess you created.


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