federal reserve

Farm Income Declining in Region

Feb 11, 2016
farmland
File / KBIA

 The Federal Reserve says farm income continued to decline during the fourth quarter in Midwestern and Western states, so farmers are borrowing more.

But the Federal Reserve Bank of Kansas City, Missouri, said Thursday that bankers report few problems with farmers failing to make loan payments.

Farm income is down because prices have declined for cattle, soybeans, wheat and corn.

The value of farmland continues to decline. The value of non-irrigated land declined 4 percent in the fourth quarter, and irrigated land values slipped 2 percent from the previous year.

ny federal reserve bank
Ken Lund / Flickr

Southeast Missouri State University officials say the university did nothing wrong in allowing the overseas student charged with attempting to blow up the Federal Reserve to be a student there last spring.

Quazi Nafis is the former international student from Bangladesh charged with trying to blow up the Federal Reserve building in New York.

University leaders told the Southeast Missourian that they followed protocol and procedures throughout their brief affiliation with Nafis. They say they never saw anything that would warrant alarm or rouse suspicion.