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Farm Progress America, November 15, 2022

Max Armstrong shares insight on a key cost for agriculture – interest rates.

Max Armstrong reports on the interest rate scenario and what it might mean for agriculture. Max looks back at the 1980s when the second highest cost back then was interest, which in 1982 it was 18% of total cash farm expenses. It did decline by 2014, but could be on the rise again. Max shares a look at the impact on farm production and interest expense trends.

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: MicroStockHub/iStock/Getty Images Plus

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