More Banker Optimism Than Dec. 2016 Says ABA, Farmer Mac Survey

November 2, 2017 01:01 PM
 
 

In the first half of 2017, 82 percent of ag lenders reported a decline of farm profitability, according to a new survey from Farmer Mac and the American Bankers Association (ABA).

The survey shows 51 percent of agricultural lenders noted an increase in operating loans, but no notable change in the demand for ag real estate loans. The approval rate for ag loans is 84 percent.

“Overall, the data showed that agricultural lenders are a little more optimistic about what’s ahead for their customers than they were in December of 2016,” said Brittany Kleinpaste, director of economic policy and research at ABA.

Commodity prices, like grain and dairy, are still a top concern for 93 percent of ag lenders surveyed.

More than 580 agricultural lenders participated in the survey. 

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