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Source: INDIANA PRAIRIE FARMER, 6/6/18
More financial burden is on the way in agriculture and rural America with interest rates marching steadily higher. Since 2015, the Federal Reserve has been nudging interest rates higher following years of historically low rates and quantitative easing. Now, with the Fed on a path of rising rates and monetary tightening, rural America will be faced with increased interest expense, which is in addition to other cost burdens, such as higher steel and aluminum prices, higher labor costs, and rising fuel and transportation costs.
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