RMI Reveals Farm Loan Rejection Rate Nearly Doubles Among Banks

June 21, 2018 03:06 PM
 
The June Rural Mainstreet Index is released.

For the fifth straight month, Creighton University’s Rural Mainstreet Index (RMI) has remained above growth neutral.

There was a slight drop in the index from 56.3 to 56.1, however it remains above 50, which represents growth neutral.

While there was a meager increase in farmland and ranchland from 42.2 in May to 42.7 in June, it is the 55thconsecutive month land values have remained below growth neutral.

Farmer borrowing rose as well in June. According to the RMI, the loan-volume index saw an increase from 76.3 from 74.3 in May. According to nearly two-thirds of the bankers surveyed, collateral requirements on farm loans increased.

40.5 percent of survey respondents mentioned their banks “rejected a higher percentage of farm loan applications.” This rate has nearly doubled in the last 12 months.

The RMI survey respondents are bank CEOs in rural areas in a 10-state region dependent upon agriculture and/or energy.

Back to news


Comments

 
Spell Check

Raymond Dosion
Long Island, NY
8/8/2018 02:48 PM
 

  We are project funder as well as financial lender,We have BG/SBLC, specifically for BUY/LEASE at a leasing price value Issuance by HSBC London and other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding. FOR LEASING OF BG/SBLC MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M LEASING FEE = 4%+1% FOR PURCHASE OF FRESH CUT BG/SBLC PRICE = 32%+1% MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved. Contact : Mr. Raymond Doison Contact Email: crusaderbroker.bgassurance@gmail.com skype:crusaderbroker.bgassurance@gmail.com

 
 
Raymond Dosion
Long Island, NY
8/8/2018 02:49 PM
 

  We are project funder as well as financial lender,We have BG/SBLC, specifically for BUY/LEASE at a leasing price value Issuance by HSBC London and other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Our BG/SBLC Financing can help you get your project funded, loan financing, please let me know if you are interested in any of our services, by providing you with yearly renewable leased bank instruments. We work directly with issuing bank lease providers, this Instrument can be monetized on your behalf for 100% funding. FOR LEASING OF BG/SBLC MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M LEASING FEE = 4%+1% FOR PURCHASE OF FRESH CUT BG/SBLC PRICE = 32%+1% MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved. Contact : Mr. Raymond Doison Contact Email: crusaderbroker.bgassurance@gmail.com skype:crusaderbroker.bgassurance@gmail.com

 
 
nelly smith
chicago, IL
7/29/2018 12:38 PM
 

  I got my programmed and blanked ATM card to withdraw the maximum of $5,000 daily for a maximum of 30 days via (wesleymarkhackers@gmail.com). I am so happy about this because I have used it to get $150,000. Wesley mark Hackers is giving out the card just to help the poor and needy though it is illegal but it is something nice. He also give loans at 2%. CALL HIM NOW ON +15182866352 Or email wesleymarkhackers@gmail.com whatsapp: +16315383658

 
 

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close