Will rising interest rates affect your operation?

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Many farmers do not pay attention to interest rates throughout the growing season. That means if they meet with their banker in the winter, they might be quite surprised to find out those rates have increased several times while they were paying no mind.

In the past few years rates have been inching their way up—which is atypical behavior considering the flat trend of rates over the last decade. Darren Frye explains in his latest blog post at Farm Futures how rates creeping toward increase may indicate that the time is right for farmers to get clear on current loans and assess what rising interest rates will do to their farm decision-making.