coup - 2/29/2024 18:50
The Kansas City Federal Reserve reports half of all farmland real estate loans will need to be refinanced in the next 18 months.
https://farmdocdaily.illinois.edu/2024/02/do-different-types-of-farm...
I find that very hard to believe, but who knows. If anyone has purchased land in the last 10 years and didn't get it rolled into a long term fixed rate under 4%, then I guess they get what they got coming. In my immediate area very few of the farm sales are using much borrowed money and if they are borrowing the LTV is very low.
Doesn't sound good if this is true.
