An ag lender is encouraged by how small the latest Federal Reserve rate hike is.
Chris Lotzer with Ag Country Farm Credit Services in Marshfield, Wisconsin tells Brownfield he’s hopeful Wednesday’s quarter-percent increase to 4 ¾ percent is a sign of rates leveling off. “A quarter of a percent is a lot better than seeing these three-quarters of a percent rate hikes that we’ve had over some of those last Fed meetings.”
Lotzer says many farmers are in good financial shape and won’t need the higher-interest operating loans as soon.
