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Farm lending pullback continues

Farm lending pullback continues
drgnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from drgnews.com Daily Mail and Mail on Sunday newspapers.

Ag Bankers Signal Strong Recovery in Farm Finance

Pierre, SD, USA / DRGNews Mar 4, 2021 6:34 AM Farm income and agricultural credit conditions improved significantly in the fourth quarter according to agricultural lenders across major portions of the US. Despite turbulent conditions related to the ongoing pandemic, prices of several agricultural commodities increased sharply in the final months of the year. Dramatic improvements in crop prices drove the sharpest turnaround in agricultural lending conditions in more than a decade, according to the Kansas City Federal Reserve Bank. On average, farm loan repayments increased for the first time since 2013. The rate of loan repayment increased from a year ago in all participating Federal Reserve Districts except Dallas, with the fastest pace of increase reported in the Minneapolis and Chicago Districts.

US stock futures flatline near record-highs, as investors warily watch Treasury yields march higher

US stock futures flatline near record-highs, as investors warily watch Treasury yields march higher hrobertson@businessinsider.com (Harry Robertson) © Eva Hambach/Getty Images Some investors worry that fiscal and monetary stimulus will drive up inflation Eva Hambach/Getty Images US futures flatlined on Wednesday, as Treasury yields stayed at one-year highs. Bond yields have jumped as investors expect stronger growth and inflation. Bitcoin rose to a new high of above $51,700 while oil prices remained elevated. . A jump in US bond yields raised questions about the bull market in stocks on Wednesday, with the 10-year Treasury yield holding at around a one-year high and equity futures flatlining.

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