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State Fact Sheet

First Quarter 2011 Agricultural Credit Conditions Survey

June 15, 2011

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
9
-
-
-
2
Net farm income
2
-
-
-
11
2
Farm household spending
9
-
-
-
11
4
Farm capital spending
5
-
-
-
11
3
Loan demand
37
-
36
48
22
35

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
7
18
7
-
11
7
Referrals to other lenders
-
-
-
4
-
1
Amount of collateral required
7
27
7
17
11
12
Loan Demand
21
27
25
14
11
20

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

Return to: Agricultural producers see higher incomes and land values going into planting season; weather is a concern