During the NDSU Extension Outlook Conference for Agricultural Lenders, expansion was part of the discussion. Crops Economist Frayne Olson said farmers are in a strong cash position and seem to be in growth mode. “There’s going to be really stiff competition in the lending market, access to capital is going to be relatively straight forward although interest rates are going up.” Land prices, cash rents, labor, and other considerations need to be made before making final decisions. “You have to look at the numbers very carefully and do the math on it, don’t just guess.” Hear the full conversation with Frayne Olson here.
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