Ten Percent Expect Farm Foreclosures to Pose Greatest Banking Threat

Survey Results at a Glance: The overall index improved from September’s reading, but remained below growth neutral.  For the 47th straight month, average farmland prices declined across the 10-state region. For the 50th straight month, the agriculture equipment sales index fell below growth neutral.Almost one in 10 bankers expect farm foreclosuresto be the greatest challenge to banking operations over the next five years. Almost one-half of bankers report that current corn prices are below break-even for cash renting farmers in their area.