Source: Ron Smith, SOUTHEAST FARM PRESS, 6/20/18


Ag borrowers are not likely to see immediate effects on short-term interest rates resulting from last week’s decision by the Federal Open Market Committee’s (FOMC) decision to raise the federal funds rate from 1.75 percent to 2 percent. The rate hike was widely expected, with a likelihood of 98 percent, says Matt Monteiro, vice president of Finance and Treasurer, Farm Credit-Mid-America, Louisville, Ky.

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