The Kansas City Federal Reserve Bank says farm income and credit conditions show signs of stabilizing. University of Nebraska Lincoln Extension Ag Economist Jim Jansen says several factors have led to that including some help from the government for farmers.
The Kansas City Federal Reserve says farmland values remained steady and Jansen says Nebraska’s paralleled those.
Jansen says some producers may want to take advantage of the recent lower interest rates.
Demand for agricultural lending in the Kansas City district remained high but bankers anticipated slower growth in future months. The district includes parts of Nebraska, Oklahoma, Kansas, Colorado, Missouri and New Mexico
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