FARMAGEDDON: FARM LOAN DELINQUENCIES AND BANKRUPTCIES SOAR, INCOMES PLUNGE | WHAT REALLY HAPPENED

FARMAGEDDON: FARM LOAN DELINQUENCIES AND BANKRUPTCIES SOAR, INCOMES PLUNGE

Following years of depressed farm income and rising debt levels, a review of the Federal Deposit Insurance Corporation (FDIC) quarterly report by Tri-State Livestock News reveals that "delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high."

About 2.5% of commercial real estate loans in agriculture were 30 days past due in 1Q19, up from 2.1% in the prior quarter and above the historical average of 2.1%. 2.3% of non-real estate loans in agriculture held by commercial lenders were 30 days past due, up from 1.5% in the previous quarter and above the historical average of 1.7%. Delinquency rates for commercial lenders haven't been this high since 2013.

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