Printer Friendly
Email to a Friend
Planting Corn
OMAHA, Neb. (AP) - Economists from the Federal Reserve Bank of Kansas City say more borrowers raising livestock and row crops in Nebraska and surrounding states are struggling to repay loans as commodity prices stay low.
The Omaha World-Herald reports that bankers surveyed for the regional Fed's latest report on agricultural credit conditions indicated continued problems in the second quarter.
More lenders reported a growth in the volume of borrowers with repayment problems as well as a higher number of denied loan applications compared to last year.
Nebraska bankers say they haven't denied more loans to borrowers, but that financial situations are definitely getting tighter.
Todd Adams, chief executive of Adams Bank & Trust in Ogallala, says it's concerning that borrowers haven't been profitable for two years in a row.
© Associated Press
MOST VIEWED STORIES
Updated: Mayetta woman now accused of attempted murder
Nortonville teen caught speeding more than 100 mph
Atchison man facing drug-related charges in Jackson Co
One killed, 3 injured in NW MO crash
Four arrested after Doniphan Co search warrants
Mid-week wreck injures three in Atchison Co
Atchison man accused of threatening woman with knife
Longtime Sabetha Fire Chief recognized for service
Mayetta woman facing firearms, drug-related charges
Extension district proposal fails to gain approval
St. Joseph Mo man injured after boat explodes
Man indicted for alleged assault on tribal land
Big Beautiful Bill discussed at Humboldt Town Hall meeting
Flags to fly at half-staff in honor of fallen deputy
Nominees sought to fill local judicial seat
Text scams involving KDOT continue
Protect yourself from West Nile Virus
New firm to do facilities assessment for USD 415
Culvert replacement project discussed at county meeting
Purchase of 2 patrol units for Richardson Co Sheriff's Office approved
LATEST STORIES
Four arrested after Doniphan Co search warrants
Text scams involving KDOT continue
Mid-week wreck injures three in Atchison Co
Mill Creek bridge in Holt County MO reopens
Atchison man accused of threatening woman with knife
Nortonville teen caught speeding more than 100 mph
Culvert replacement project discussed at county meeting
RELATED STORIES
Antique tractor drive to end in Falls City
FSA County Committee Nominations Open June 15
Grain Dryer Fire at Falls City Facility
Ag Waste As Renewable Fuel Study
Livestock Friendly Designation for Richardson Co
Farm To School Conference Set for Nebraska City
Southeast Nebraska No-Till Meeting Scheduled
Hiawatha, Ks 66434