Charge-Off Rate on Farmland Loans, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets
CORFLT100N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-38.46%
Date Range
1/1/1991 - 1/1/2025
Summary
This economic indicator tracks the percentage of farmland loans that banks have written off as uncollectible. It provides critical insight into agricultural lending health and potential financial stress in the farming 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 represents the proportion of farmland loans that banks consider unlikely to be repaid, reflecting broader agricultural economic conditions. Economists use this metric to assess credit risk, agricultural sector financial stability, and potential economic pressures on rural lending markets.
Methodology
Data is collected from the 100 largest U.S. banks by asset size, tracking the percentage of farmland loans that have been removed from banks' balance sheets due to non-payment.
Historical Context
This indicator is used by policymakers, agricultural economists, and financial regulators to understand credit market conditions and potential systemic risks in agricultural lending.
Key Facts
- Measures loan defaults for top 100 U.S. banks by asset size
- Indicates financial health of agricultural lending markets
- Reflects broader economic pressures on farming sector
FAQs
Q: What does a high charge-off rate indicate?
A: A high charge-off rate suggests significant financial stress in the agricultural sector, with farmers struggling to repay loans due to market challenges or economic conditions.
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 write off farmland loans?
A: Banks may write off loans when borrowers consistently fail to make payments or when the collateral value falls below the loan amount, indicating high credit risk.
Q: How do policymakers use this data?
A: Policymakers use this indicator to assess the need for agricultural support programs, credit market interventions, or economic stimulus for the farming sector.
Q: What limitations exist in this data?
A: The data only covers the 100 largest banks, potentially missing insights from smaller regional or community banks with significant agricultural lending.
Related Trends
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, Lease Financing Receivables, Banks Not Among the 100 Largest in Size by Assets
NCOALLLFROB
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, Secured by Real Estate, Single Family Residential Mortgages, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets
NCOALLSRE1FRMT100B
Charge-Off Rate on Business Loans, All Commercial Banks
CORBLACBS
Asset Quality Measures, Net Charge-Offs on All Loans and Leases, Secured by Real Estate, Commercial Real Estate Loans (Excluding Farmland), Booked in Domestic Offices, All Commercial Banks
NCOALLSCRELEXFACB
Charge-Off Rate on Farmland Loans, Booked in Domestic Offices, Banks Not Among the 100 Largest in Size by Assets
CORFLOBS
Charge-Off Rate on Lease Financing Receivables, All Commercial Banks
CORLFRACBS
Citation
U.S. Federal Reserve, Charge-Off Rate on Farmland Loans, Booked in Domestic Offices, Banks Ranked 1st to 100th Largest in Size by Assets [CORFLT100N], retrieved from FRED.
Last Checked: 8/1/2025