Charge-Off Rate on Farmland Loans, Booked in Domestic Offices, All Commercial Banks
CORFLACBS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-75.00%
Date Range
1/1/1991 - 1/1/2025
Summary
The Charge-Off Rate on Farmland Loans measures the percentage of agricultural loans that banks have written off as uncollectible. This metric provides critical insight into the financial health of the agricultural sector and the risk exposure of commercial banks.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the proportion of farmland loans that commercial banks have determined to be unrecoverable, reflecting agricultural sector financial stress and lending market conditions. Economists use this trend to assess agricultural credit risk, farm economic performance, and potential systemic financial vulnerabilities.
Methodology
The data is collected by tracking loan charge-offs reported by all commercial banks in the United States, calculated as a percentage of total farmland loan portfolios.
Historical Context
Policymakers and financial regulators use this trend to monitor agricultural credit markets, assess potential economic interventions, and understand broader rural economic dynamics.
Key Facts
- Represents the percentage of farmland loans deemed unrecoverable by commercial banks
- Indicates financial stress in the agricultural sector
- Provides insights into agricultural lending risk and economic conditions
FAQs
Q: What does a high charge-off rate indicate?
A: A high charge-off rate suggests significant financial challenges in the agricultural sector, potentially signaling economic stress, poor crop yields, or declining farm profitability.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data quarterly, providing a current snapshot of agricultural lending conditions.
Q: Why do banks charge off farmland loans?
A: Banks charge off loans when they determine that the debt is unlikely to be collected, often due to borrower financial distress, default, or significant economic challenges.
Q: How do charge-off rates impact agricultural lending?
A: High charge-off rates can lead banks to tighten lending standards, reduce loan availability, or increase interest rates for agricultural borrowers.
Q: What factors influence farmland loan charge-offs?
A: Factors include crop prices, weather conditions, global commodity markets, interest rates, and overall agricultural economic performance.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Farmland Loans, Booked in Domestic Offices, All Commercial Banks [CORFLACBS], retrieved from FRED.
Last Checked: 8/1/2025