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n. Illinois | All i know is that I own a Farm Credit Bond that is paying me 5.29% till 2034 (bought in 2024) Its subject to being called which means I would get paid off earlier than 2034 if they want too. But so far they haven't done it.
The reality is that Farm Credit is funded via the sale of Bonds and they use a mixture of short term and long term bonds to fund themselves and they are constantly selling new bonds to redeem old bonds if they can lower their overall interest costs but they have to keep enough long term fixed rate bonds on the books so they don't end up with a bunch of short term bonds that have to be refinanced at much higher interest rates like what happened in 2022 when the Fed started raising interest rates. Its a delicate balancing act for sure. | |
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Farm Credit land interest…current rates?
