The amount of credit being supplied to the rural sector is still increasing at a high pace - but has now started to slow dramatically.
This is still faster growth than the rest of the economy. Like general business credit which has started to fall, the growth of credit to agriculture in February slowed fast, although it has now pushed on up well through the $40 billion level.
These are the signs of an bubble popping, as commercial prospects still look rather grim, even though dairy prices may have bottomed out.
for more perspectives, see
for saleyard and processor price trend graphs, see