U.S. farmers and ranchers are bringing in a lot less income compared to the highs seen just a few years ago.
High interest rates are cutting into already thin margins, but some ag analysts say that relief could be in sight.
Federal Reserve leaders now indicate the Central Bank is nearing a cut in interest rates. This news follows favorable inflation readings in recent months.
The President of the Richmond Fed expressed strong optimism about the recent numbers and hopes this trend persists. Producers are eager for relief as higher rates have inflated operating loans across nearly every operation.
