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Lenders at Federal Reserve Meeting Concerned About Farm Economy

Lenders at Federal Reserve Meeting Concerned About Farm Economy

Photo: WNAX


Rural bankers, along with Federal Reserve lenders, meeting in Kansas City this week have concerns about the ag economy. Nebraska Farm Bureau Senior Economist Jay attended the Federal Reserve meeting. He says while the Fed is looking at possibly raising interest rates further to help the overall economy, that may end up hurting the ag economy in the process.

He says the ag economy is already under pressure and any increase in interest rates will also impact ag land values.

Rempe says the other concern talked about at the meeting was how water is managed to meet food demands.

Rempe says most of those at the meeting recognized the great job the Natural Resource Districts are doing in Nebraska to manage water.

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