Articles tagged under: interest rates
Interest Rate Decision This Week
Published September 14, 2024
The Federal Open Market Committee is meeting Tuesday and Wednesday. A .25 interest rate cut is expected. The announcement will be made on Wednesday at 1 PM.Farm Expenses Continue to Rise
Published July 29, 2024
Total farm production expenditures totaled $482 billion in 2023, up 6.5 percent from 2022. On a per-farm basis, farm expenditures were just over $255,000. Feed is the largest production expense, representing nearly 17 percent of farm expenditures last year. In…Economic Concerns Creep Into the Conversation
Published July 15, 2024
Grain prices have slumped to levels not seen since December 2020. That scenario has caused some anxiety in farm country. "We're sensing that," said North Dakota Agriculture Commissioner Doug Goehring."They're a little concerned that they may have to have a bumper…Interest Rates and Input Costs Remain a Worry
Published July 7, 2024
According to the latest Purdue University/CME Group Ag Economy Barometer, farmer attitudes are drifting lower. "The barometer did drift a little lower this month," said James Mintert, director, Purdue Center for Commercial Agriculture. "People became a little less optimistic about…Interest Rates Left Alone
Published June 14, 2024
In a statement after its two-day policy meeting, Federal Reserve officials kept its key benchmark interest rate unchanged. The Fed also reduced its interest rate cut forecast.Global Interest Rates Adjust
Published June 7, 2024
The European Union Central Bank cut its key interest rates by a quarter point to 3.75 percent. The move came a day after Canada lowered its interest rate. The attention now shifts to the U.S. Federal Reserve and its meeting…A Risk for Lenders and Borrowers
Published April 11, 2024
FDIC Supervisory Examiner Joe Koenigsman sees climbing interest rates as a key driver for risk in 2024. "Going from four-and-a-half percent to nine and ten percent on ag loans is a substantial amount." Farmers will need to pay close attention…Interest Rates Holds Steady
Published March 21, 2024
The Federal Reserve left its federal funds interest rate unchanged at 5.25-to-5.5 percent. Fed officials also said two or three interest rate cuts will likely happen this year.#6-Fed Takes Aggressive Stance on Interest Rates
Published December 29, 2023
The Federal Reserve aggressively pushed the benchmark interest rate to its highest level in 22 years and that is ranked as the sixth most important ag story for the year. With inflation easing, the Federal Open Market Committee held its…