Farm banks are vital to U.S. agricultural producers and rural communities, holding 44 percent of bank-held agricultural loans despite holding just 2 percent of U.S. bank loans, according to a new FDIC report.
Details: Released in the latest FDIC Quarterly, the report found that farm banks have held up well despite the agricultural industry’s challenges since 2014. Most farmers and farm banks were cautious with farm real estate lending during the previous boom in farmland values, the report says.
More: The FDIC Quarterly also includes highlights from the latest Quarterly Banking Profile and Summary of Deposits survey.