Demand for agricultural loans rises as farmers' repayment capacity weakens

Loan demand is rising while repayment rates are falling in Illinois, Indiana, Iowa, Wisconsin and Michigan; a trend that may point to growing financial strain and higher operating costs for corn, soybean, and livestock producers in recent years.

Data reflect the Seventh Federal Reserve District, which includes Illinois, Indiana, Iowa, Michigan, and Wisconsin.
Chart: Mónica Cordero, Investigate Midwest Source: Chicago Fed staff calculations based on data from the Federal Reserve Bank of Chicago, Land Values and Credit Conditions Survey (for the Seventh Federal Reserve District states) Get the data Created with Datawrapper