Rural Bankers Tighten Farm Loan Terms

Posted on 03/09/2017 10:26 AM
Rural bank CEO's have tightened farm loan terms due to low commodity prices, according to this month's Rural Mainstreet Index (RMI) survey conducted by Dr. Ernie Goss, Creighton University. The June survey found 73.5% of bankers increased collateral requirements, 50% boosted interest rates and 35.3% rejected a higher percentage of farm...