High Interest Rates Discourage Farm Loans
Ag bankers say farmers are tapping their savings from recent boom years instead of borrowing money at what are the highest interest rates since 2007.
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Federal Reserve
Further Rate Hikes Possible Says Federal Reserve
The still-robust U.S. economy and tight labor market could mean further interest rate hikes, Federal Reserve Chair Jerome Powell said.
Read moreU.S. Inflation Slows for Sixth Straight Month
U.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling.
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Strong Farm Economy Supports Ag Credit Conditions
The outlook for profit opportunities in 2021 remained strong for most agricultural producers as commodity prices remained well above recent years.
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