# Federal Reserve Ag Credit Surveys- 2017 Fourth Quarter Farm Economy Conditions in the Midwest - Farm Policy News

> The Chicago and Kansas City Federal Reserve banks reported that Midwest farmland values rose 1% in 2017 after three years of declines. Agricultural credit conditions deteriorated further in the fourth quarter of 2017, with loan repayment rates lower and renewals higher.

- Date: 2018-02-19 · published 2018-02-19T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/66353-federal-reserve-ag-credit-surveys-2017-fourth-quarter-farm-economy-conditions
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stress in farm credit may push farmers to sell grain and reduce spending, which adds modest bearish pressure on feed grain prices over time.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/53331-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | -0.0% | +1.8% |
| CORN | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.2% | -0.3% |
| CORN | 2023-04-17 | [Climate Change and Risks to Midwest Agriculture - Federal Reserve Bank of Chicago](https://feedsoft.ai/events/13282-climate-change-and-risks-to-midwest-agriculture-federal-reserve-bank-of-chicago.md) | -1.9% | -3.1% |
| CORN | 2023-01-17 | [China's 2022 economic growth one of the worst on record, post-pandemic policy faces test \| Reuters](https://feedsoft.ai/events/37986-china-s-2022-economic-growth-one-of-the-worst-on-record-post-pandemic-policy.md) | -1.8% | +0.1% |
| CORN | 2026-07-21 | [Protein inflation surges as costlier fodder pushes up milk, chicken prices - The Economic Times](https://feedsoft.ai/events/18511-protein-inflation-surges-as-costlier-fodder-pushes-up-milk-chicken-prices-the.md) | -0.2% | -1.4% |
| SOY | 2020-05-14 | [The Federal Reserve and U.S. Treasury Did Not Intervene in FX Markets During the First Quarter - FEDERAL RESERVE BANK of NEW YORK](https://feedsoft.ai/events/53331-the-federal-reserve-and-u-s-treasury-did-not-intervene-in-fx-markets-during-the.md) | +1.3% | +3.6% |
| SOY | 2019-06-20 | [Federal Reserve's quick pivot to easier policy started with a Trump tweet on trade](https://feedsoft.ai/events/58510-federal-reserve-s-quick-pivot-to-easier-policy-started-with-a-trump-tweet-on.md) | -1.0% | -2.4% |
| SOY | 2019-01-30 | [U.S. Dollar Dives after Federal Reserve Moves to the Sidelines](https://feedsoft.ai/events/61290-u-s-dollar-dives-after-federal-reserve-moves-to-the-sidelines.md) | +0.1% | -1.7% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2018/02/federal-reserve-ag-credit-surveys-2017-fourth-quarter-farm-economy-conditions-midwest/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.