On Tuesday, the Feds dropped interest rates one half percent. Farm Credit Services of America Regional Vice President Wes Chambers says the lowering of that rate will be helpful for their farmer customers.
He advises producers to lock in those low rates while they’re in effect as well as maintain their working capital.
Chambers says the Feds move this week on the interest rates will help producers especially with their operating loans.
Chambers says while it’s been a very challenging time for farmers and ranchers in the Northern Plains, they’re doing a good job working through it and dealing with the uncertainty.
