|
|
Article: Agricultural banks called safest; farm credit system also healthy. (Douglas Duncan of the U.S. Department of Agriculture) (Brief Article)
- Article from:
- American Banker
- Article date:
- December 5, 1991
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Agricultural Banks Called Safest; Farm Credit System Also Healthy
WASHINGTON -- Agricultural banks are financially sound and should be willing and able to make loans to creditworthy farmers, according to a U.S. Department of Agriculture economist, Douglas Duncan.
"Agriculture banks are currently the safest and most liquid banks in the system," Mr. Duncan said Wednesday during the department's annual Agricultural Outlook Conference.
Commercial banks held $53 billion in agricultural real estate and production loans as of June 30, up 7% from a year before. Less than 2.2% of the loans were nonperforming, he said.
Small Farm Banks in Lead
...