The markets are slowly rebounding after a rocky start to the week. While speculation is dwindling for the Fed to enact an emergency rate cut, it cannot come soon enough for farmers and ranchers.
Analyst Todd Hultman with DTN says younger farmers are bearing most of the weight. He says producers who own high-yielding farmland will likely weather the storm, but renters with expensive loans will have trouble coming back from current prices. Hultman believes the Fed’s interest rate campaign was misdiagnosed and says it has led to the markets becoming unbalanced and unsustainable.
