The chief risk officer for Compeer Financial is concerned about the squeeze on farmers if inflation cannot be tamed.
Bill Moore tells Brownfield at some point there will be pushback to how much retailers try to inflate their own bottom line.
“And pass those on to consumers versus trying to push it back through the supply chain. And as farmers know, we tend to buy at retail and sell at wholesale, so that squeeze always takes place.”
One way the government can temper inflation is by raising interest rates, and Moore says the Federal Reserve has indicated there will be as many as eight increases over the next year and-a-half.
