Agricultural Sector
About
About
The Chicago Fed's Seventh District is one of America's most productive farmland regions. Dedicated research staff, through the quarterly AgLetter, the Bank's annual Midwest Agriculture Conference, and other projects, help us to understand the agriculture industry and to share that knowledge. The AgLetter, which analyzes agricultural land trends and financial conditions based on a survey of District bankers, has published regularly since the 1940s.
Most Recent Agricultural Sector Article
Most Recent AgLetter Article
Agriculture and Farmland Data
Historical Data
Data on credit conditions at Seventh District agricultural banks and on farmland values in the Seventh District are available for download. Recent data on both are also available in AgLetter.
| Seventh District Credit Conditions | Data file | XLSX |
| Seventh District Land Values | Data file | XLSX |
Previously, AgLetter included a table of selected agricultural indicators for the United States. While these data are no longer provided in each quarterly issue, most of them are available on Quick Stats from the USDA, National Agricultural Statistics Service. The individual data series (including those not on Quick Stats) are available from the following:
- Agricultural Prices from the USDA Economics, Statistics and Market Information System
- Grain Stocks from the USDA Economics, Statistics and Market Information System
- Consumer Price Index from the U.S Bureau of Labor Statistics
- Livestock and Meat Domestic Data from the USDA, Economic Research Service
- Milk Production from the USDA Economics, Statistics and Market Information System
- Foreign Agricultural Trade of the United States (FATUS) from the USDA, Economic Research Service
- U.S. Ag Tractor and Combine Reports from the Association of Equipment Manufacturers
Seasonal Credit Program
Under the program, depository institutions may obtain funds through the Discount Window during periods of seasonal need (such as those related to the cyclicality of agriculture) allowing them to carry fewer liquid assets in the off-season and to make more funds available to meet the credit needs of their local community. Credit can be obtained for periods of up to nine months in a calendar year, and there are no commitment fees or other expenses involved in setting up and maintaining a seasonal line of credit, even if it is never used.
