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Tightening Money Market Brings Higher Interest Rates
Washington reports the tightening money market raises the cost of credit for farmer borrowers as the Farm Credit system expands loans to land purchases, coops, and production. Rates on production land rise to 6.9 percent, while overall loans total 7.7 billion dollars, up 17.2 percent from the prior year.
MENTIONED IN THIS ARTICLE
Washington
Federal Land Banks
Farm Credit Administration
Agriculture Department
Farm Credit
Todell