Survival of the farm could come down to the cost of borrowing, according to the National Sorghum Producers
Since the Fed began rising rates, we have seen the financial toll it has taken on farmers.
Some analysts believe with inflation starting to cool, the rate hike campaign is over. The National Sorghum Producers Chair says survival on the farm may come down to the cost of borrowing.
“As we see rising interest rates, it’s going to be the ones that have the financial stability and ability who will be able to continue to farm, not the ones that have to use lending as an option,” said Craig Meeker.