Economic conditions in agriculture improved dramatically in the fourth quarter of 2020 alongside sharp increases in the prices of several major commodities, according to the Federal Reserve Bank of Kansas City.
A historically low number of new loans contributed to an increase in average loan size and drove a slight decrease in the overall volume of non-real estate loans at commercial banks in the fourth quarter.
While many farmers are relieved to see higher prices in nearly every commodity market, bankers in the Southwest are alarmed by the expanding drought across the region.
Economic activity continues to increase nationally, with the pace of growth characterized as slight to modest in most Districts.
Bankers responding to the third-quarter survey reported overall weaker conditions across most regions of the Eleventh Federal Reserve District in Dallas.
The Tenth Federal Reserve District based in Kansas City is reporting economic activity continued to strengthen in July and August. Overall, the economy expanded moderately, but activity in many sectors still remained below pre-pandemic levels.
Economic activity increased across most of the country over the past few weeks, but gains were generally modest and activity remained well below levels prior to the COVID-19 pandemic.
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans.
Is there really a shortage of coins in the United States, and is the government trying to eliminate cash from the economy?
The Federal Reserve released its latest Beige Book, and according to the Dallas Federal Reserve Bank, soil moisture conditions remained favorable across most of the district, except for the Texas Panhandle area where there was drought.
The Federal Reserve released its latest Beige Book, and according to the Kansas City Federal Reserve Bank, the Tenth District farm economy remained weak despite some signs of stabilization in markets for key agricultural commodities.
The Federal Reserve released their latest Beige Book and according to the Chicago Federal Reserve Bank, the COVID-19 pandemic continued to weigh on agriculture incomes.
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