Farm Credit Survey Report

 --With findings organized by asset size and region

 

What was the average bank size and loan portfolio at farm banks?  How are most farm banks organized? Do any banks think their funding base is growing fast enough? Why would banks choose not to participate in government loan programs? What type of farm heads the customer list in each farm bank asset class?

 

The answers to these and other crucial questions about agricultural lending can be found in the ABA Farm Credit Survey Report 2003. Distributed to half of the more than 4,000 banks qualifying as farm banks at mid-year 2002, the survey examines nine crucial farm credit areas: the Farm Credit System, Farm Service Agency, funding sources, business development and competition, portfolio quality, beginning farmers, farmers going out of business, residential mortgage lending, and small business loans. Survey data are grouped by both asset size and location (based on USDA regional classifications).

Among the ABA Farm Credit Survey Report's highlights:

·         Most farms served by banks are small family farms with less than $250,000 in annual sales.

·         Only 17.7 percent of banks belonging to Farmer Mac actually originated Farmer Mac loans during the survey period.

·         More than 60 percent of banks reported that Farm Credit institutions were lending to non-farmers in their area; the same percentage viewed FCS as their biggest competition.

·         Weather made a huge difference in delinquencies: Only 36 percent of banks in areas experiencing bad weather reported no delinquencies, as opposed to 45 percent of banks unaffected by adverse conditions.

·         More than 92 percent of respondents are involved in some form of residential mortgage lending.

·         Less than 7 percent of banks in the survey thought the new farm bill would solve current ag issues.

With comprehensive data on subjects affecting farm lending, the ABA Farm Credit Survey Report is a must-read for all those involved in managing your bank's farm-related lending. You will not want to miss this unique opportunity to compare your practices and performance with those of your peers next door—or around the country.

Release date: June 2003


View the table of contents (PDF format).
View the index of data tables  (PDF format).

 

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