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n. Illinois | The ultimate answer to your question is NO. The issue we are all dealing with is the timing. Interest rate cycles are very long. I read a long time ago that claimed that interest rate cycles were generational or longer in length. IE I have seen nothing but lower rates in my almost 40 years in Ag lending. Started with 15.25% variable rate operating loans. and now its down to 3% and maybe headed lower if we go to negative rates. When it turns it will hurt more than you can imagine. | |
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