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State Fact Sheet

First Quarter 2004 Agricultural Credit Conditions Survey

April 1, 2004

State Fact Sheet

Percent of respondents who reported decreased levels for the past three months compared with the same period last year:

 
MN
MT
 ND
SD
WI
Ninth District
Rate of loan repayments
6
7
3
13 
5
Net farm income
6
7
4
6
 25 
7
Farm household spending
6
7
4
3
13
5
Farm capital spending
4
7
7
9
25
8
Loan demand
26 
21 
15 
19 
25
21 

Percent of respondents who reported increased levels for the past three months compared with the same period last year:

 
MN
MT
ND
SD
WI
Ninth District
Loan renewals or extensions
6
36
14
3
10
Referrals to other lenders
 4
13
 2
Amount of collateral required
2
7
 4
9
13
 5
Loan Demand
13 
14
22
16 
50
18

Note: The Upper Peninsula of Michigan is not part of the survey.

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