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Farm incomes drop despite abundant harvests
Farm incomes generally decreased across the Federal Reserve Bank’s Ninth District. That’s according to lenders responding to the fourth quarter Ag Credit Survey by the Minneapolis Fed. Lenders also reported that purchases of capital inputs fell, though farm household spending continues to edge up. Demand for loans increased, while the rate of loan repayment dropped, and loan renewal and extension activity increased. Interest rates for agricultural loans fell notably. Land values in the...














