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Tuesday, November 3, 2009

Interest Rates Expected to Rise

Interest rates are expected to rise in the coming years. Now is the time to prepare. Just as farmers prepare the soil for future planting, they should also prepare for rising rates.

Input costs are also expected to rise, perhaps quickly. With this in mind, farmers should review their present debt, how rate fluctuations will affect their bottom line and what, if anything, they need to do about it.

Is the operation highly leveraged with debt? If so, is it refinanced at the lowest possible rate? Should short-term debt be converted to long-term debt? Is a fixed rate better now?

Restructuring often involves fees. Be sure to weigh the cost against the overall savings over the long-term.

Every situation is different, but be sure to review yours with your lender. ArborOne Farm Credit specializes in agricultural financing. We understand what farmers are facing and are ready to help.

Call us 1.800.741.7332. We know agriculture.

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Anonymous Anonymous said...

Nice post! GA is also my biggest earning. However, it’s not a much.

8:20 PM  

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