After several years of growth, farm incomes fell flat this year. The Minneapolis Fed shows incomes dropped slightly from April through June.
Spending on capital investment also fell. 39 percent of lenders in the ninth district reported borrower liquidity dropped in the last three months compared to last year, but the Fed says they have not noticed an increase in loan demand, and loan repayments remain strong.
Officials note there are several reasons farmers are seeing less money in their pockets.
