Despite the improving Midwest farm economy, agricultural banks in some states were reporting weak loan repayment rates and reduced farm incomes late last year, according to a recent survey.

Farm lenders contacted by the Kansas City Federal Reserve Bank said the average value of farmland in the district rose 1.5% during the fourth quarter of 1994 and 5.9% for the year - more than double the general inflation rate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.