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Farm bank lending grew almost 6% last year

Farm banks in the U.S. increased lending by nearly six-percent last year. They held 106-Billion dollars in farm loans by the end 2017.

In the American Bankers Association report, small loans made up nearly half of bank farm and ranching lending. The overall asset quality of the nation’s nearly 2-thousand farm banks was healthy last year with fewer loans 90 days or more past due.

The Bankers Association defines a “farm bank” is an institution with more than $1-Billion-dollars in assets which includes savings and loan associations.

U.S. farm banks provided nearly half of all farm credit in the U.S. by the end of 2017.