Farmers looking to borrow money this year will likely see higher interest rates and a tighter credit environment. Gary Crawford has the details. Farmers Can Expect Higher Interest Rates-Tighter Credit in 2018
Farm Economy May Be Starting to Stabilize
The prolonged downturn in the farm economy continued in the second quarter of 2017. However, data from the Kansas City Fed’s Survey on Agricultural Credit Conditions shows the farm economy may finally be starting to stabilize. While economic conditions did continue to weaken in the second quarter, the pace of that deterioration has slowed. While the farm loan repayment rate …