In a quarterly report of loan delinquency data of US banks, published by the FDIC, there was no direct reference to President Trump's trade war with China. But the report noted that credit deterioration in agriculture loans, specifically in Wisconsin, were alarming.
"We continue to monitor risks in the agriculture sector connected to low commodity prices and farm incomes," the FDIC said in a statement.
The report showed the percentage of overdue farm loans rose to 2.9% at community banks across the state as of June 30, the highest rate since 2001.
The rate of delinquent farm loans nearly doubled in Wisconsin since President Trump took office and have accelerated since the trade war began early last year.