Rising interest rates combined with high crop input costs are creating a lot of uncertainty in agriculture. Liberty Product Manager Matt Malone says farmers have cited the cost of financing as one of their top concerns. “Every time the Fed board of governors come together, it’s not usually good news for the macro economy,” said Malone. “When farmers are looking at their operating notes, the total is potentially doubling from where it was this time last year. There’s an extremely high increase in cost just to access cash to run your farm.” BASF is maintaining its zero-percent financing policy for the 2023 growing season and streamlining the process.
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