Agriculture

Higher interest rate forecasts could mean return to tougher times for agriculture

“It’s impossible to forget the exuberant interest rates of 1982.” Many younger farmers today didn’t experience when bankers were loaning money freely, so it seems, at 18-percent interest. Despite longevity, generations, and successes of many agriculture operations, it was impossible to operate at that rate.

Read MoreHigher interest rate forecasts could mean return to tougher times for agriculture