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Farm Income

Sean Gallup/Getty Images
Sean Gallup/Getty Images
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Federal Reserve Says Farm Income Weaker In 1st Quarter

OMAHA, Neb. (AP) — The Federal Reserve says farm income growth slowed across the Plains and western states in the first quarter as costs increased and the drought lingered.

The Federal Reserve Bank of Kansas City, Mo

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Darren Hauck/Getty Images
Darren Hauck/Getty Images
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Strong Farm Income Means Higher Profit For Ag Banks

OMAHA, Neb. (AP) — The Federal Reserve Bank of Kansas City says strong farm income in Midwest and Western states improved agricultural banks' balance sheets but reduced demand for new loans.

The Fed released a new report on agricultural credit conditions on Wednesday

The Fed said bank profits in the region improved in the third quarter of 2011 because many borrowers paid down some of their farm debts

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