As the Fed works to keep inflation under control, higher interest rates have been a big part of that strategy. Research shows the Fed’s ninth district, which includes several large farm states, has seen their rates double over the last couple of years.
“Since about early 2021, interest rates for ag producers have increased around 400 basis points, and what that equates to is four percent interest. To put it into perspective, in 2021, during renewal season, a lot of ag producers were getting around four-and-a-half to 4.6 percent interest rates for their production loans. Now, in 2023, they’re being charged about eight-and-a-half percent. That’s a pretty big increase over two years. In 2023, interest expenses for ag production loans in the district totaled about $840 million. Now, to put that in comparison, in 2021, interest expenses for ag production loans were $415 million. And then, in 2022, the total interest expense paid was $490 million. So, that total interest paid in 2023 is more than double from 2021, so that’s a very large increase in two years,” said Tait Berg.
The Fed reached out to local banks in the area and found the last time interest rates were this high was around 2007.
Roger McEowen of the Washburn School of Law discusses the lack of legal expertise in rural areas and a new program in Kansas aimed at addressing the issue.
April 17, 2026 05:00 PM
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Jake Charleston from Specialty Risk Insurance Agency recapped an Oklahoma auctioneer contest and recent industry events, showing how stakeholder feedback helps insurers gauge market conditions and risk management needs.
April 17, 2026 04:20 PM
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Pat Hord with the National Pork Producers Council joined us to recap producer meetings in Washington and discuss key policy priorities including Prop 12 and agricultural labor.
April 17, 2026 03:56 PM
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Cattle-on-Feed is down on the year in the USDA’s April report, with lower placements and marketings signaling tighter feedlot activity.
April 17, 2026 03:32 PM
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As data centers expand across Texas, experts and officials weigh economic benefits against concerns over farmland loss, water use, and impacts on agricultural land and rural communities.
April 17, 2026 02:50 PM
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Steven Snow with the U.S. Small Business Administration joined us to discuss tax relief for rural Americans and the long-term benefits of new provisions impacting farmers and small businesses.
April 17, 2026 12:46 PM
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