During the National Association of Farm Broadcasting Convention, Advance Trading Risk Management Advisor Tommy Grisafi spoke about the impact of rising interest rates. “People didn’t realize interest rates could go up so there’s 15 years of bad habits and if you’re in your 30s and you’re farming, you don’t actually realize what’s happening,” said Grisafi. “They’ll know more when they go to renew (their operating loan) this year.” Inflation is seen as an ongoing issue. “For the Fed to do what they need to do to nick inflation, I don’t think they’d ever be willing to do that during an election year. To truly tame inflation, they have to nuke it and they’re not going to do that for many reasons.”
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