FmHA. PCA and FLB STATISTICS 



The overall quality of the farm and ranch loan portfolio from offices 

 of these three lending institutions is generally lower compared with the same 

 period a year ago. Low market prices were cited as the main cause of farm prob- 

 lems today, followed by high interest rates, poor management and natural disasters. 



The reason most cited why borrowers fail to qualify for financing is in- 

 adequate income prospects. Refusal rates for both real estate and non-real estate 

 loan approvals has been running about 6 percent higher than normal. The number of 

 farm and ranch borrowers who were financed last year, but will not qualify for fi- 

 nancing this year is only si ightly higher for FmHA and FLB offices, but is about 6 

 percent higher for the PCA offices. 



The FmHA real estate loans held had the highest percent of delinquency 

 at 40 percent while the FLBs had only a 2 percent del inquency rate. The PCA de- 

 linquency rate for non-real estate loans was about 7 percent. 



Generally, non-farm or off-farm income has become a more important item 

 in securing farm loans from these lending institutions. 



FED LAND BANK FmHA PCA 



--Numb e r-- 

 8,427 3.549 4,557 



--Percent-- 



• 



i/ Data not complete for 3 PCA offices. 



MONTANA 

 FARM DEBT TO ASSET RATIO BY AGE OF OPERATOR 



DEBT TO ASSET RAHO W) 



UNDER 24 25 - 34 35 - 44 45 - 54 



AGE OF OPERATOR 



W] 



r.. ■ 



MONTANA FARM ECONOMIC INFORMATION 

 BY CROP REPORTING DISTRICTS (Average per Farm) 



ITEM 



CROP REPORTING DISTRICT 



WEST [n CENTRAL Tn EAST CENTRAL S WEST S CENTRAL |s EAST STATE 



Assets ($000) 



Li ab i 1 ities ( $000) 



Debt to Asset 

 Ratio (%) 



I nterest Paid in 

 1983 ($000) 



Average Interest 

 Rate Paid For: 

 --Real Estate (%) 

 --Non-Real 



Estate (%) 



Income From Non- 

 Farm Sou rces (% ) 



Real Estate Loans 

 Delinquent (%> 



Operat i ng Loans 

 Del inquent (%T 



« 



TIME FARM OPERATOR EXPECTS TO STAY IN BUSI- 

 NESS UNDER CURRENT ECONOMIC CONDITIONS: 



1 Year 

 2-5 Years 

 6-10 Years 

 Until Ret i renen t 



Pe re ent 



11.3 7.1 



29.9 42.9 



6.2 7.1 



52.6 42.9 



