L.221 Farm Mortgages (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2022 2023 2024 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 Line
All sectors; farm mortgages; asset FL893065603 334.4 344.9 367.3 350.5 356.0 361.7 367.3 372.0 376.8 1
Corporate farm business; farm mortgages; liability FL183165603 90.4 93.8 100.6 95.6 97.2 98.9 100.6 101.9 103.5 2
Noncorporate farm business; farm mortgages; liability FL233165605 244.0 251.1 266.7 254.9 258.8 262.8 266.7 270.1 273.3 3
All sectors; farm mortgages; asset FL893065603 334.4 344.9 367.3 350.5 356.0 361.7 367.3 372.0 376.8 4
Households and nonprofit organizations; farm mortgages; asset FL153065605 12.0 14.6 14.5 14.9 15.0 14.7 14.5 14.1 13.9 5
Nonfinancial noncorporate business; farm mortgages; asset FL113065603 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 6
Federal government; farm mortgages; asset FL313065605 12.5 13.6 15.0 13.9 14.3 14.6 15.0 15.3 15.3 7
State and local governments; farm mortgages; asset FL213065603 1.3 1.1 1.2 1.1 1.2 1.2 1.2 1.2 1.2 8
U.S.-chartered depository institutions; farm mortgages; asset (USDA) FL763065633 107.0 108.9 113.1 109.9 111.0 112.0 113.1 114.5 116.0 9
Foreign banking offices in the U.S.; farm mortgages; asset FL753065603 0.2 0.1 0.2 0.1 0.1 0.2 0.2 0.3 0.3 10
Credit unions; farm mortgages; asset FL473065603 3.0 3.1 3.3 3.1 3.2 3.2 3.3 3.3 3.4 11
Life insurance companies; farm mortgages on farm land; asset FL543065633 22.6 22.9 23.6 23.1 23.2 23.4 23.6 23.9 24.2 12
State and local government employee defined benefit retirement funds; farm mortgages; asset FL223065643 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13
Government-sponsored enterprises; farm mortgages; asset FL403065605 173.6 177.6 193.2 181.3 185.0 189.2 193.2 196.0 198.9 14
Agency-and GSE-backed mortgage pools; farm mortgages; asset FL413065605 1.2 1.9 2.1 1.9 1.9 2.0 2.1 2.3 2.5 15

NOTES

  1. Excludes mortgages on farm houses.
Last Update: September 11, 2025