TITLE

ABA Farm Debt Over $200 Billion in 2004

PUB. DATE
April 2005
SOURCE
National Mortgage News;4/4/2005, Vol. 29 Issue 28, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information related to agricultural debt outstanding that surpassed $200 billion, with banks accounting for 40% of the total. That helped fuel an increase in employment at farm banks, according to the American Bankers Association. Full-time employment at farm banks increased 2.4% last year and now totals more than 77,000. In 2004, farm loans make up 31.6% of their total loan portfolio, according to the ABA'S Center for Agricultural and Rural Banking. Farm banks reported that non-farm real estate loans increased 13% in 2004.
ACCESSION #
16659310

 

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