Farm Operating Debt Surges in Early 2024

Three quarters of the $15 billion increase in farm debt was attributed to banks with agricultural loan portfolios less than $500 million (Chart ...

Ag lenders share concerns in declining farm economy - Farm Progress

A concern of agricultural lenders is the paper wealth decline impacting both the financial ratios and status of borrowers. Usually, the first ...

Farm Debt Rises in Latest Quarter - AgWeb

Non-real estate farm debt grew by approximately 10% compared to the previous year during the second quarter of 2024. The increase was even more ...

Farm debt continues to rise, but delinquencies remain low

Farm operating debt at commercial banks continued to increase at a rapid pace through mid-year. According to quarterly call reports, ...

Farm loans of $1M+ hit mark not seen in at least 20 years, says new ...

Farm operating debt has grown at a rapid pace alongside lower crop prices and persistently high production costs while lending activity for ...

Highlights from the Farm Income Forecast - USDA ERS

The debt-to-asset ratio for the sector is forecast to improve modestly from 12.93 percent in 2023 to 12.81 percent in 2024. Working capital is ...

Farm finances weakened during growing season

Across the district, 78 percent of lenders expect that farm income will decline in the third quarter of 2024, compared with 7 percent who ...

Farm debt continues to rise, but delinquencies remain low

Farm operating debt at commercial banks continued to increase at a rapid pace through mid-year, according to a new report from the Federal Reserve Bank of ...

The 2024-25 Financial Downturn: Who is the Most Vulnerable

Approximately 17 percent of all crop farms had a debt to asset ratio above 60 percent in 2023. Farms with a debt to asset ratio of 60 to 80 ...

Insights from the 2024 Farm Income Forecast - AgAmerica

In 2024, it is projected to fall $6.5 billion (4.4 percent) to $140 billion. Similarly, net cash farm income fell nearly 21 percent from 2022 to ...

Farm Businesses Well-Positioned Financially Despite High Interest ...

Total farm sector debt is expected to rise to more than half a trillion dollars in 2024, according to USDA, Economic Research Service farm ...

Perspectives and Strategies for Dealing with Low Farm Incomes in ...

Net incomes on many Midwest grain farms will be negative in 2024, some of the lowest in the past thirty years. Low incomes could continue into future years.

Farm debt rising but so are asset values - Agri-Pulse

Farm sector debt is increasing, though rising asset values are helping to keep operations solvent, according the Agriculture Department's ...

Government payments and farm debt utilization during the pandemic

Conversely, increases in debt use (for beginning and commercial farms, along with female operators) as interest rates increase but remain quite ...

Path to the Farm Bill: Expanding Access to Credit

Limits to direct and guaranteed operating loans would be raised as well, from $400,000 to $750,000 and $2.2 to $2.6 million respectively. The ...

2024 Agricultural Credit Outlook - Center for Commercial Agriculture

Additionally, demand for loans is on a trajectory such that farmers will have lower amounts of operating loans for the 2024 growing season, ...

Challenging agricultural markets put highly leveraged agricultural ...

Average interest rates for operating loans have increased over 400 basis points since the third quarter of 2021. Higher cost of borrowing ...

Enhancing Program Access and Delivery for Farm Loans

After FSA provides a loan to a farmer, FSA continues to work with the borrower to monitor the progress of their operation, provide guidance on ...

Interest Expenses Threatening Farm Financial Health | Market Intel

Higher cost of debt from sustained elevated interest rates could lead to continued debt servicing ratio growth in 2024. For comparison, the debt ...

Farm debt and the over-exploitation of natural capital - ScienceDirect

This paper uses a stochastic optimal control model to show how standard loan contracts create incentives for farmers to focus on short-term financial ...