An official with Farm Credit Services of America suggests inflation is easing.

Matt Erickson says the consumer price report for March was encouraging.

“The CPI report came in at about 5 percent year-over-year. It’s still relatively high (compared) to the Fed’s target of 2 percent, but it’s come down since last June when we were at roughly 9 percent.”

He tells Brownfield interest rates should range from 4.75 to 5 percent in the near term.

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