Year-over-year inflation is at its highest level in 40 years. Republican Senators sent a letter to the Federal Reserve and Farm Credit institutions to highlight the impact high inflation and higher input costs have on agriculture. The lawmakers ask for regulatory flexibility for rural financial institutions as profit margins start to shrink. They also want these financial leaders to monitor how inflation and inflationary-related pressures are affecting the agriculture industry, citing that this would be valuable as Congress starts to consider the next farm bill. Read the letter.
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