The era of low and stable interest rates is behind us. While nobody knows where inflation and interest rates will head in 2023, check out these key insights and strategies for your farm.
The U.S. economy is at the top of everyone’s minds right now. What’s happening with inflation? Will interest rates continue to rise? How is it affecting agriculture? Economic experts David Widmar and Dr. Brent Gloy from Agricultural Economic Insights joined Farm Credit Mid-America Senior Financial Officer Sarah Adams recently to outline the current economic situation, what producers need to be watching and what strategies they can employ to navigate the uncertainty.
Farm Credit Mid-America territory includes Arkansas, Indiana, Kentucky, Missouri, Ohio and Tennessee. Arkansas includes Clay, Craighead, Crittenden, Cross, Desha (northeast of the White River), Greene, Lee, Mississippi, Phillips, Poinsett, and St. Francis counties. Missouri includes Carter, Ripley and Wayne counties. Kentucky excludes Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken counties. Ohio excludes Crawford, Hancock, Lucas, Marion, Ottawa, Sandusky, Seneca, Wood and Wyandot counties. We serve all counties in Indiana and Tennessee.
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