Kansas City

A sharp turnaround in agricultural economic conditions and lasting support from government programs is boosting farm income and loan repayment rates. Both increased from a year ago at the fastest pace on record. The Kansas City Federal Reserve Bank released its quarterly Ag Credit survey Thursday ...

Agricultural debt at commercial banks continued to decline in the first quarter of 2021, and farm loan performance improved. Last week, the Kansas City Federal Reserve Bank released the data that shows both real estate and production loans decreased, reducing farm debt by more than 5% from a year ago ...

Agricultural credit conditions in the Tenth District of the Federal Reserve continued to strengthen in the first quarter of 2021. After a sharp rebound at the end of 2020, conditions in the broad agricultural economy continued to improve alongside additional increases in crop prices ...

Canadian National Railway has placed an order for 1,000 new generation, high-capacity grain hopper cars. The new railcars, to be built in Mexico, will help meet the growing needs of North American grain farmers and the demands of grain customers ...

Agricultural debt at commercial banks eased further at the end of 2020, and loan repayment problems moderated slightly. According to the Kansas City Federal Reserve Bank, general improvement in the farm economy likely drove the pullback in farm lending activity and strengthened credit conditions ...

Canadian Pacific Railway and Kansas City Southern have come together in a merger agreement worth approximately $29 billion. The transaction has the unanimous support of both boards of directors. Following final approval from the U.S. Surface Transportation Board, the transaction will form two railroads that create the first rail network connecting the U ...

The agriculture economy rebounded in the fourth quarter of 2020, according to the latest Ag Credit Survey from the Kansas City Federal Reserve Bank. The average price of grains increased more than 20% from the previous quarter and reached six-year highs in December ...

The National Chicken Council says consumers will eat 2% more chicken wings during Sunday's Super Bowl. On Super Bowl weekend, Americans will devour an estimated record of 1.42 billion wings while watching the Kansas City Chiefs and Tampa Bay Buccaneers battle for the Lombardi Trophy ...

For the past couple of years, the USDA has reported fewer and fewer wheat acres planted nationwide. Much of the reduction is blamed on low wheat prices. In 2020 all-wheat acreage hit 44.3 million acres, the lowest on record in over 100 years ...

The 2021 Western Farm Show, scheduled for February 19th-21st in Kansas City, has been canceled. The Western Equipment Dealers Association cited health and safety concerns related to COVID-19 as the reason the show will not take place in a few months ...