National Ag News
Farmers need to consider locking in interest rates
Nov 30, 2017, 13:49 PM
by
System
An ag lender says interest rates can change as quickly and dramatically as corn and soybean prices and farmers need to be prepared.
Michael LePlant is vice president of ag lending with UMB Bank. “As the economy continues to improve and the Federal Reserve Bank continues to scale back its security purchasing, we’re going to start to see a return to the normal interest rate environment,” he says.
He tells Brownfield producers who haven’t locked in interest rates could see expenses related to those rates double or even triple – and that can negatively impact cash flows.
Continue reading Farmers need to consider locking in interest rates at Brownfield Ag News.
