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State Fact Sheet

First Quarter 2007 Agricultural Credit Conditions Survey

April 1, 2007

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
7
17
30
21
16
Net farm income
5
42
31
31
11
21
Farm household spending
7
25
14
12
11
Farm capital spending
5
50
17
28
22
19
Loan demand
23 
17
 3
12
33
16

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
11
25
43
34
25
Referrals to other lenders
 2
 4
 3
 3
Amount of collateral required
 2
15
22
 6
Loan Demand
30
33
37
39
11
33

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

Return to: Farmers optimistic for 2007