Dallas Fed Ag Credit Survey, “Concern” Noted

Bankers responding to the fourth quarter survey continue to report concern for producers financial positions and profitability due to low commodity prices. More specifically, the Fed report stated that, “Loan renewals and extensions continued to increase, albeit at a slower pace, as loan repayment rates declined for the second year in a row. Overall, the volume of non-real-estate farm loans was lower than a year ago. Operating loan volume increased year over year, while all other loan categories’ volumes fell