Loan volume owned and serviced has increased 9.2 percent from June 30, 1999. Wheat harvest has begun in the Northwest with quality and yields expected to be average to above average for most of Washington, Oregon and Idaho. The serious drought throughout parts of Montana could cause problems for producers without adequate crop insurance.
Low prices continue to be a concern in wheat, apples, dairy and row crop commodities.
Delinquencies remain at very low levels representing less than 2 percent of the portfolio. Farm Credit Services provides financing and related services to farmers, ranchers, aquatic harvesters, timber producers, agribusinesses and rural homeowners in Montana, Idaho, Oregon, Washington, and Alaska.