Pinched by a High-Interest Environment

A surplus grain supply is delivering another problem for farmers. “Things like interest rates and inflation just make all of that even more difficult,” said John Griffith, executive vice president, CHS. “When you’re in a market of oversupply, grain needs to be carried and carrying grain is expensive in a high-interest rate market.” Everything is more expensive in this environment. “When you couple that with an oversupplied market where prices are a little bit cheaper, it just puts that much more financial pressure on everyone including the producer and everyone in between.”