The farm economy is continuing to feel the pressure of lower commodity prices and a tepid outlook for 2017.
The latest lending report from the Kansas City Federal Reserve shows that lending activity is down in the first quarter of 2017, down 16 percent compared to 2016.
As economic conditions remain stagnate, borrowers and lenders are making adjustments to financing.
The Fed report says some borrowers are spending less on farm inputs while lenders have made adjustments to loan terms in recognition of the heightened risk.
Bankers are extending amortizations for most loans, including the maturity period for operating loans.
The maturity period jumped 22 percent from 2016, and are now three months longer than they were in 2010.