Thursday, January 26, 2012

FARM LENDING COMPETITION IS FEROCIOUS

(Bloomberg News/JournalStar.com) -- Bloomberg reports, "Farmers are taking advantage of a resurgence in government-chartered credit providers and Federal Reserve efforts to stoke the economy by holding the Fed funds rate near zero."According to Jason Henderson, vice president and Omaha branch executive at the Federal Reserve Bank of Kansas City, "We're seeing very aggressive activity by the Farm Credit System and commercial banks. ... Everyone is battling for market share."In Nebraska, farm real estate loans went for an average rate of 5.72% in the third quarter last year, according to the article -- "about half what they were 25 years ago."
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