Increase in Interest Rates Affecting Operating Loans
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By: AgWeb Guest Editor
Agriculture leader Farmer Mac says interest rates are having an impact on operating loans. That’s because most of those loans are on a variable rate. Rising interest rates mean land may not be an attractive option for investors. If the farm economy doesn’t turn around soon, the fear is debt-to-asset ratios could rise to levels agriculture saw in the 1980s. However, Farmer Mac economist Curt Covington says, that hasn’t happened yet. Hear what he told us below:
https://www.agweb.com/article/increase-in-interest-rates-affecting-operating-loans/
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To view the full article and listen to what Covington had to say: CLICK HERE