Bankers reported very few past due farm loans.
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Credit conditions remained strong in the second quarter of 2014, according to agricultural bankers in the Tenth District of the Federal Reserve, but lower farm income as a result of lower crop prices could put pressure on credit quality going forward.
Nearly 220 ag bankers from Colorado, Kansas, Nebraska, Oklahoma, Wyoming, New Mexico and Missouri responded to the Federal Reserve’s Second Quarter Survey of Agricultural Credit Conditions. According to the survey, bankers reported very few past due farm loans in the second quarter, and they do not anticipate significant loan repayment problems this year.