What Do Interest Rates Have to do With the 2023 Farm Bill?
Add to the list of those expressing concerns about restrictive monetary policy: farmers. According to a Purdue University survey, agricultural “producers are concerned about the impact U.S. interest rate policy will have on their farms and the ag economy with over one-third of crop producers choosing it as the most important policy issue for their farming operation.” That finding predated the latest interest rate hike that the Federal Reserve announced on November 2, as part of its anti-inflation policy.