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- Indicators of Financial Stress in Agriculture, 1980-1987, & By Farm Region, 1987 [In percent.]
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- Financial Stress Indicator 1980 1984 1985 1986 1987
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- Average delinquency rate(1,2) (NA) 4.4 5.3 6.0 2.7
- Farm borrowers who had bank
- financing discontinued 4.5 3.4 4.5 5.6 3.3
- Farm borrowers loaned-up to
- practical limit(2,3) 27 33 37 39 29
- Farmers in bank lending area who
- went out of business 2.1 3.6 4.8 6.2 4.6
- Farmers in bank lending area who
- went through bankruptcy (NA) 2.6 3.8 4.2 3.3
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- North- Corn
- Financial Stress Indicator east(4) Belt(5) South(6) Plains(7) West(8)
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- Average delinquency rate(1,2) 2.9 2.3 3.0 2.9 3.2
- Farm borrowers who had bank
- financing discontinued 3.4 2.9 5.0 3.2 3.5
- Farm borrowers loaned-up to
- practical limit(2,3) 28 25 38 30 35
- Farmers in bank lending area
- who went out of business 5.5 4.1 6.5 4.2 3.8
- Farmers in bank lending area
- who went through bankruptcy 3.3 3.4 5.6 2.6 3.0
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- NA=Not available.
- 1. Percentage of dollar farm loan volume 30 days or more delinquent.
- 2. As of June of year shown.
- 3. Farm customers who have reached their maximum debt loaded.
- 4. ME, NH, VT, MA, RI, CT, NY, NJ, PA, DE, MD, DC, MI, WI, & MN.
- 5. OH, IN, IL, IA, & MO.
- 6. VA, WV, NC, SC, GA, FL, KY, TN, AL, MS, AR, & LA.
- 7. ND, SD, NE, KS, OK, & TX.
- 8. MT, ID, WY, CO, NM, AZ, UT, NV, WA, OR, CA, AK, & HI.
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- Source:American Bankers Association, Washington, D.C.