Loading…
The American Bankers Association reported that farm banks' agricultural lending totaled $98.6 billion in 2020, down 1.8% from 2019. Banks held more than $174 billion in farm loans outstanding, about half of total farm credit.
Farm bank employment rose 2.4% in 2020.
Stable farm credit supports production financing and so underpins feed demand over the longer term. The report does not signal any near-term change in commodity prices.
farmpolicynews.illinois.eduKeith GoodJun 23, 2021After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
