Large Banks Cut Rates, Boost Farm Lending

Agricultural banks posted solid profits in the second quarter as improved repayment rates trimmed farm loan delinquencies. Lower delinquency rates on non-real estate loans and steady delinquency rates on real estate loans helped strengthen bank profits. Moreover, a decline in the volume of farm loan...

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Bibliographic Details
Published in:Beef 2011-10
Main Authors: Henderson, Jason, Akers, Maria
Format: Article
Language:English
Subjects:
Delinquency
Farm loans
Federal Reserve monetary policy
Interest rates
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Summary:Agricultural banks posted solid profits in the second quarter as improved repayment rates trimmed farm loan delinquencies. Lower delinquency rates on non-real estate loans and steady delinquency rates on real estate loans helped strengthen bank profits. Moreover, a decline in the volume of farm loans 30-90 days past due suggests that additional declines in farm loan delinquency rates may be forthcoming.
ISSN:0005-7738