Ag Economist Warns Against Complacency Amid Shifting Financial Picture

With the Federal Reserve announcing another interest rate hike last week, concerns about farm debt loads and income potential, as well as the state of the economy in general, continue to persist as the planters begin to roll out.  The spate of rate hikes since last fall has concerned ag economists, and David Widmar of Agricultural Economic Insights warns that farmers should not get complacent with their financials.

Widmar says increasing interest rates are not only impacting how much it costs to take out loans or buy machinery on credit.

David Widmar of Agricultural Economic Insights says this is a time that farmers should also remain cautious and position themselves to weather any further financial surprises that might occur.