Bankers responding to the first-quarter survey reported sustained dry conditions across most regions of the Eleventh District. The lack of rain during the winter season will hamper wheat and corn harvests.

• The recent government financial assistance and disaster payments will improve farmers’ cash flow, but even with this support, many farmers will still be left in the red. Cattle prices remained high and are predicted to stay elevated.
• Demand for agricultural loans increased slightly in the first quarter. Availability of funds declined in the first quarter after stabilizing at the end of 2024. Loan renewal or extensions continued to increase in first quarter 2025 although at a slower pace.
• The rate of loan repayment continued to decline, but the pace of declines remained stable after increasing throughout 2024.