Source: WALLACES FARMER, 5/25/17


Many economists expect the Federal Reserve to continue to tighten down the U.S. money supply growth in 2017, and as a result, short-term interest rates will rise. Very few economists are predicting a farming free-fall comparable to the 1930s or 1980s. However, most farmers should expect some tough sledding ahead, especially those operations that are undercapitalized. The outlook appears not to be a full-blown “farm crisis” impacting all farms, but more of a “liquidity crisis” affecting a small but growing percentage of farms.

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