Here’s an update on interest rates from quarter two of 2024 as reported by Federal Reserve districts that share data impacting dairy finances.

Here’s an update on interest rates from quarter four of 2023 and quarter one of 2024 as reported by four Federal Reserve districts that share data impacting dairy finances.

Farm lending activity at commercial banks slowed through the first half of 2023 as interest rates continued to push higher.

Critics are increasing their calls for the Fed to stop raising interest rates, warning that higher interest rates and continuing inflation negatively impact farmers on several fronts.