Farm machinery interest at an all-time high, continues to squeeze profit margins

An ag economist says tighter margins have made it more difficult for farmers to pay off equipment debt.  David Widmar with Agricultural Economic Insights says farm machinery interest rates have hit an all-time high. “Almost $160 of interest expense is going to be accumulated over the life of a $1,000 worth of farm machinery debt,” he says. “If […]

The post Farm machinery interest at an all-time high, continues to squeeze profit margins appeared first on Brownfield Ag News.

View Full Story

Share:

The Latest

Cash dairy prices mostly up Wednesday at CME

Cash dairy prices were mostly up on Wednesday at the Chicago Mercantile Exchange.    Dry whey was unchanged at $0.6375. No sales were recorded at that price.  Forty-pound cheese blocks were up $0.0425 at $1.6025.  Two sales were recorded at