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Farm bank performance during 1996

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  • Leggett, Keith

Abstract

Total agricultural credit expanded for the 4th consecutive year to $155.5 billion in 1996. Agricultural loans held by banks increased $2.5 billion to $61 billion. Despite this expansion in farm lending by banks, however, the industry's share of agricultural credit - 39% - declined for the first time since 1981. The US' 3,247 farm banks had strong earnings in 1996 driven by increasing loan volume and lower operating costs. Farm banks earned a record $2 billion in 1996, $146 million higher than the amount earned in 1995.

Suggested Citation

  • Leggett, Keith, 1997. "Farm bank performance during 1996," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 10(4).
    • Handle: RePEc:ags:abajal:336393
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    File URL: https://ageconsearch.umn.edu/record/336393/files/ers2022-23-0348.pdf
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