Australia's biggest agricultural lender National Australia Bank and peer ANZ have reduced their impaired Australian farming loans to just over $500 million.
NAB, which has the largest market share in Australia, increased its overall agricultural loan exposures to $40.9 billion in September up from $39.5 billion in the previous corresponding period, according to its latest financial results filed last week.
A mere 0.51 per cent of its Australian agricultural loan book, or $132 million, is 90 days past due or impaired.
Its New Zealand book still has about $222 million worth of impaired dairy loans.
ANZ, which has seen its total agricultural exposure slide to $34 billion in September from $34.5 billion in the previous corresponding period, the percentage of the bank's agricultural portfolio that is in "non-performing" dropped to 1.2 per cent in September down from 1.5 per cent the same time last year.
That percentage roughly equates to $393 million, well down from the $520 million at the same time last year.
Again, New Zealand dairy is a key area with the bank operating a reduced book of $12.1 billion in dairy exposures, down from $12.4 billion this time last year.
The percentage of probable default in those exposures has greatly reduced to 1.9 per cent from 12.4 per cent.
Westpac, which reports its results on Monday, saw the percentage of its $NZ5.9 billion ($5.5 billion) New Zealand exposure that was stressed rise from 4.74 per cent to 25.29 per cent in the year to September 2016, while the percentage of impaired New Zealand dairy more than doubled.
Market observers will be monitoring how much that has improved when the bank releases its results.
In August, Commonwealth Bank of Australia reported that its $21.7 billion agricultural portfolio had about $390 million in impaired loans down from $458 million.
Its New Zealand dairy exposure has remained the same at $7.6 billion but there has been an improvement in the level of impaired loans. They have dropped to 3.2 per cent, or $243 million, down from $334 million.