Charge-Off Rate on Loans to Finance Agricultural Production, All Commercial Banks
CORLAGACBN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
142.86%
Date Range
1/1/1985 - 1/1/2025
Summary
This economic indicator tracks the percentage of agricultural production loans that commercial banks have written off as uncollectible. It provides critical insight into the financial health and risk profile of the agricultural lending sector.
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
The charge-off rate reflects the proportion of agricultural loans that banks determine are unlikely to be repaid, serving as a key metric of credit quality and financial stress in the farming industry. Economists use this trend to assess agricultural sector economic resilience and potential systemic lending risks.
Methodology
Data is collected through mandatory bank reporting to federal regulatory agencies, which aggregate and calculate the percentage of total agricultural production loans charged off.
Historical Context
Policymakers and financial regulators use this metric to monitor agricultural credit markets, assess economic conditions, and potentially develop targeted financial support programs.
Key Facts
- Represents the percentage of agricultural production loans deemed unrecoverable
- Indicates financial stress in the agricultural lending ecosystem
- Fluctuates with broader economic and agricultural market 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 distress, poor crop yields, or market volatility.
Q: How often is this data updated?
A: The charge-off rate is typically updated quarterly by the Federal Reserve, providing near-real-time insights into agricultural lending conditions.
Q: Why do agricultural loans get charged off?
A: Loans may be charged off due to factors like crop failures, market price collapses, natural disasters, or borrower financial insolvency.
Q: How do policymakers use this data?
A: Policymakers use the charge-off rate to design targeted financial support, assess agricultural sector health, and develop risk mitigation strategies.
Q: What are the limitations of this metric?
A: The charge-off rate provides a snapshot of lending conditions and does not capture all nuances of agricultural financial health or future potential.
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Citation
U.S. Federal Reserve, Charge-Off Rate on Loans to Finance Agricultural Production, All Commercial Banks [CORLAGACBN], retrieved from FRED.
Last Checked: 8/1/2025