Farmers should consider locking in rates for next year, experts say

Even though the Federal Reserve did not raise interest rates this time around, experts are encouraging farmers to look ahead and consider financing options for next year.

This was the first month since March of last year that the Fed kept interest rates level. Kathy Bogardus with Farmers Business Network tells Brownfield Ag News now is the time to save money by taking advantage of current promotions, and, it would lock in a lower rate before they go even higher.

She encourages the use of online banking since it can simplify the process for farmers working through the harvest season.

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