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Interest Rates

Strong commodity prices are holding up the agricultural economy in many parts of the country, but experts from the Kansas City Federal Reserve say producers in their district need some consistent rainfall in 2023.

Rising interest rates have farmers and lenders putting extra thought toward operational costs. Taylor Sumption is a crop farmer just north of Aberdeen. The South Dakota farmer said the higher interest rates will make his annual loans cost more for things like putting his crops in the ground. “For example, looking at putting in a […]

The post Farmers brace for rising interest rates after years of steady lows appeared first on Daily Montanan.

Falling commodity prices and sliding farmland values have pushed some farmers into troubling financial territory. Although it’s difficult to think about the future when farmers are worried about making mortgage payments or paying off equipment, farmers need to be proactive in taking stock of their situations and talking with their lenders.

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STRATFORD, Wis. – Wisconsin farmland is apt to command a premium if it’s selling within about 3 miles of a Concentrated Animal Feeding Operation, says Simon Jette-Nantel, University of Wisconsin-River Falls farm business-management specialist. He said he’s heard that from farm appraisers and his own analysis verified it.

ST. LOUIS — Midwest and Mid-South farm income and expenditures fell during the fourth quarter of 2016, according to the latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Louis. Meanwhile, quality farmland values and ranchland or pastureland values also declined.

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