How Much Does Higher Interest Rates Add to Farm Operating Costs
A recent article indicated that high interest rates make soybeans a better option than corn
The article indicated that the budget for many Illinois corn farmers shows a projected loss of about $140 per acre versus about $30 per acre for soybeans. However, what really caught our eye was the discussion on how higher interest rates are also leading to a “much” larger loss. But is it really?
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