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U.S. Farm Loan Repayment Rate Slows -St. Louis Fed
CHICAGO, Aug 9 (Reuters) - The Federal Reserve Bank of St. Louis issued its second-quarter 2018 report on the agricultural economy on Thursday.
• The rate of loan repayment slowed during the quarter and is expected to worsen slightly in the third quarter, the bank said.
• Loan demand increased compared with a year ago.
• The value of quality farm land fell from a year earlier, but cash rents edged higher, according to a bank survey.
To read the report, click on: https://bit.ly/2OWF7Ez
(Reporting by Tom Polansek; editing by Steve Orlofsky)
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