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| Did some research. Back in 1977 rates were 7%. By 1985 they were 17%. Backed off but were still double digits through early nineties. In 2001 plus they were 6% or less. I see agweb has an article about interest rates that is very interesting. Said cheap money is over. If all we have is a 1 percent increase that would be nothing to worry about. But if went up like the eighties then it would be disasterous. My Dad paid 9% on operating loans for many years. Dont think he seen anything this cheap except when he first started farming in the fifties. | |
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Interest Rates
