Midwest Farm Lenders Report Lower Repayment Rates and Higher Loan Demand

A survey of Midwestern agricultural lenders found repayment rates declined while demand for new loans rose. The survey measured performance in the most recent quarter. Lenders reported fewer borrowers meeting scheduled payments compared with prior periods. Loan applications increased during the same timeframe. The survey did not identify specific causes for the shift in repayment or demand.

The poll covered lenders serving farm operations across multiple Midwestern states. Results were aggregated without naming individual institutions. No further details on sample size or response rate were provided in the survey summary.