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- Implications of persistent high interest rates for ag producers in 2024
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AS WE PROGRESS through 2024, the agricultural sector faces significant economic pressures from persistently high borrowing costs. In the crop sector, smaller cash buffers and the need to preserve working capital due to tightening profit margins contributed to an increase in farm operating loan activity in the first quarter of 2024. In the cattle industry, herd liquidation of the last three years due to drought conditions has resulted in high cattle prices coupled with recovery in pasture conditions and a desire to rebuild the beef cow herd . . .
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