National Ag News

Some experts believe farmers will have to borrow more money this year as interest rates continue to rise.

USDA chief economist Rob Johansson says some producers had a harder time paying off loans in 2017 and about 20 percent of farm operations are starting this year highly to very highly leveraged.  “We see indicators showing that refinancing that credit is becoming more difficult and we have seen maturity rates increasing on loans that producers are taking out, which is one indicator that credit is becoming a little bit tighter. 

Continue reading Leveraging the farm into 2018 at Brownfield Ag News.