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State Fact Sheet

Second Quarter 2004 Agricultural Credit Conditions Survey

July 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
2
17
4
8
-
5
Net farm income
-
-
4
5
-
2
Farm household spending
-
8
4
3
-
2
Farm capital spending
-
8
12
5
-
5
Loan demand
17
8
4
6
50
13

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
-
25
4
11
10
7
Referrals to other lenders
-
 8
4
 3
10
3
Amount of collateral required
-
17
-
 8
-
4
Loan Demand
19
42
46 
42
20
33 

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

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