Mixed Results from the Kansas City Fed

The agricultural sector in the Tenth Federal Reserve District, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of Missouri and New Mexico, recently reported varied results for the first quarter of 2017. Although farm income continues to fall off, the rate of decline was at a much slower pace than in previous years. More than 200 banks across the district were surveyed, and their forecasts were generally more optimistic than in previous years. As one banker in Eastern Nebraska put it: “We have had excellent crop yields over the past three years. This has helped farmers in repaying their loans with little, if any, carryover debt.”
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