The agricultural economy in the Tenth District of the Kansas City Fed has seen a decline in recent quarters, largely due to falling commodity prices and increased production costs. This has led to a decrease in farm income for the second consecutive quarter, particularly in areas that have been heavily affected by drought. However, despite the softening of finances and higher interest rates, agricultural real estate values in the region have remained stable. Despite this, loan performance has remained steady thanks to strong finances over the past two years.

By Editor

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