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Farm Loan Delinquencies and Bankruptcies Are Rising Farm Bankruptcy Filings Rise 13%
Posted by:
Tariff Wars Are So Easy
()
Date: November 09, 2019 11:20AM
Following several years of low farm income and rising debt levels, a review of Federal Deposit Insurance Corporation quarterly call report data reveals that the delinquency rates for commercial agricultural loans in both the real estate and non-real estate lending sectors are at a six-year high.
For the first quarter of 2019, 2.5% of commercial real estate loans in agriculture were more than 30 days past due, up from 2.1% in the prior quarter and above the historical average of 2.1%. Similarly, 2.3% of non-real estate loans in agriculture held by commercial lenders were more than 30 days past due, up from 1.5% in the prior quarter and above the historical average of 1.7%. The first quarter of 2013 was the last time delinquency rates were this high for commercial lenders. Figure 1 highlights the delinquency rate for both real estate and non-real estate loans held by commercial lenders.
Re: Farm Loan Delinquencies and Bankruptcies Are Rising Farm Bankruptcy Filings Rise 13%
Posted by:
okboomer
()
Date: November 09, 2019 01:41PM
Tariff Wars Are So Easy Wrote:
-------------------------------------------------------
> Following several years of low farm income and
> rising debt levels, a review of Federal Deposit
> Insurance Corporation quarterly call report data
> reveals that the delinquency rates for commercial
> agricultural loans in both the real estate and
> non-real estate lending sectors are at a six-year
> high.
>
> For the first quarter of 2019, 2.5% of commercial
> real estate loans in agriculture were more than 30
> days past due, up from 2.1% in the prior quarter
> and above the historical average of 2.1%.
> Similarly, 2.3% of non-real estate loans in
> agriculture held by commercial lenders were more
> than 30 days past due, up from 1.5% in the prior
> quarter and above the historical average of 1.7%.
> The first quarter of 2013 was the last time
> delinquency rates were this high for commercial
> lenders. Figure 1 highlights the delinquency rate
> for both real estate and non-real estate loans
> held by commercial lenders.
Congratulations. You win the Internet for having the worst thread title in FFU history. Faggot.