Borrowing Needs for Farmers Continue to Rise

12:38PM Oct 23, 2018
Farming’s contribution to GDP has retreated two consecutive years after reaching an all-time high of $189.9 billion in 213.
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More stress for farmers financially, as borrowing needs continue to rise.    According to the Federal Reserve's Ag Finance Databook, operating loans made by large agricultural banks have led to a significant increase in lending. A quick look at the numbers tells the story. In the third quarter, Non-real estate farm loans were 30% higher than a year ago, and the number of loans larger than $1 million dollars nearly doubled. Delinquency rates on those loans, while low, are trending higher.