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.
Corn exports remain the clear demand leader.
April 15, 2026 11:01 AM
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March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
April 14, 2026 03:45 PM
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Tractor Supply’s Paper Clover Campaign raises millions of dollars each year for 4-H youth programs and scholarships. Local store community marketing manager Lexie Gamble joined Tuesday’s Market Day Report alongside 4-H student Matthew Rochford to discuss the partnership.
April 14, 2026 03:17 PM
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Superior Livestock Auctions markets more than 1.7 million head of cattle nationwide while also building long-term relationships between both cattle raisers and beef producers.
April 14, 2026 03:12 PM
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The proposal would require farmers’ consent before companies can sell agricultural data
April 14, 2026 01:37 PM
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Lane Howard and Adam Andrews with the National Corn Growers Association joined us in the studio discuss EPA’s approval of summer E15 sales, ongoing fuel market concerns, and the industry’s push for a long-term biofuels solution for farmers.
April 14, 2026 01:09 PM
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