Virginia Tech Professor Emeritus Dr. David Kohl spoke at the Bell Bank AgViews Live Conference in Fargo and Sioux Falls this past week. “Navigating these interest rates is going to be very critical for the next two or three years; these are the fastest rising interest rates since the 1980s,” Kohl told RRFN. “We haven’t felt the impact because oftentimes we haven’t paid down on the operating loans.” Kohl said inflation, economic growth and unemployment are all factors that must be considered before interest rates can decline.
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