Strong Farm Income Means Higher Profit at Ag Banks

By: Associated Press
By: Associated Press

The Federal Reserve Bank of Kansas City says strong farm income in Midwest and Western states improved agricultural banks' balance sheets but reduced demand for new loans.

The Fed released a new report on agricultural credit conditions on Wednesday

The Fed said bank profits in the region improved in the third quarter of 2011 because many borrowers paid down some of their farm debts. Many farmers also used proceeds from last fall's high crop prices to pay operating costs, so demand for operating loans fell.

The 10th Federal Reserve District in Kansas City covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email :
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 138054673 -
Gray Television, Inc.