National Ag News

A farm finance specialist says the recent interest rate increase could impact farmers cost structure.

Matt Monteiro with Farm Credit Mid-America says earlier this week the Federal Reserve increased the interest rates by a quarter-of-a-percent.

While the increase was widely anticipated – it does put added pressure on farmers who are already facing a tight ag economy. “It’s going to more so impact their operating lines of credit, short-term lending – particularly for inputs like seed and fertilizer for example,” he says.

Continue reading The impact of interest rates increases on ag at Brownfield Ag News.