Farmers will likely need to manage high interest rates again in 2024.
Economist David Widmar with Ag Economic Insights says long-term rates can have a major impact on the farm economy.
“Like the ten year treasuries that have the biggest impact. Why? Well, there’s a big relationship between farmland values and ten year treasuries. We have a lot of debt, the majority of our debt is farmland or real estate (and) that’s usually a long-term interest rate.
