The Federal Reserve increased the benchmark interest rate by another 50 basis points. AgCountry Farm Credit Services Vice President of Marketing Education Rob Fronning says young and beginning farmers have not seen anything, but near-zero interest rates, while others have been through this cycle before. “We have seen quite a lot of debt paydown, which is good in a high interest rate environment.” As the end of the year approaches, Fronning emphasizes about the importance of a marketing plan. “Volatility creates volatility and we’ll have more of it going forward,” said Fronning. “Luck favors the prepared so be ready for the opportunities that present themselves.” A good crop insurance and risk mitigation strategy is also a must.