Regional Farm Sector Stress Intensifies
The farm economy in the Tenth District weakened in the first quarter of 2017, but conditions varied from east to west. Farm income, loan repayment rates and the value of most types of farmland all trended lower in each of the Districts seven states.
However, the deterioration in the western portion of the District was more severe than the moderate weakness in the eastern portion. Although agricultural credit conditions were weaker throughout the region, much of the recent weakness has been driven by intensifying challenges in the western portion of the District.
Story source: Kansas City Federal Reserve Bank