Kansas farmers doing better than expected

Local
farmland-values-image_323668

WICHITA, Kan. (AP) – The latest farm loan delinquency numbers show Kansas farmers are faring better than many had feared as spring planting gets underway.

The U.S. Agriculture Department’s Farm Service Agency says its direct loan delinquencies in Kansas fell slightly to 6 percent as of March 31. That compares to 6 and a half percent at the same time a year ago.

Farm Loan Chief Robert White says the agency is pleased and surprised. He credits good crop yields the past couple of years for lessening the impact of low crop prices.

But he notes that the loan delinquency rate for March 2012 was under 4 percent.

The agency also guarantees some loans made by commercial banks and those are faring worse compared to last year at this time.


Get breaking news, weather and traffic on the go. Download our News App and our Weather App for your phone and tablet. Follow us on Facebook and Twitter.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download the KSN News App and stay up-to-date wherever you are. You can even watch KSN News live for free!
Click here to get the app
Get it in the App store
Get it in the Google Play store

3 Day Forecast

KSN Storm Track 3 Weather

Trending Stories