There are two sides of inflation that are affecting the ag economy
The price of goods is coming down but costs for services are still creeping up.
Robert Fox with CoBank says these are the two sides of inflation for the ag industry. He says for services to come down in a noticeable way wage growth rates will have to have to level off. He fears farmers will face higher interest rates than what the market is planning for.
The Federal Reserve is expected to raise interest rates again on Wednesday.