Interest Rates&Farm Loans Are Up - a podcast by MID-WEST FARM REPORT - MADISON

Interest rates are giving people across the country, especially home buyers, the heebie-jeebies at 8 percent. The fed also indicates it will raise those rates again before the end of the year. Craig Rogan is an ag lender with Nicolet Bank in central Wisconsin. He's also the chair of the Ag Lending Section of the Wisconsin Bankers Association. He says dairy keeps moving forward despite the rising rates. A handful of his dairy clients are expanding as long as their processor can handle more milk. His clients are also adding robotics to ease labor strains. According to the WBA, in the second quarter of 2023, farm loans increased both year over year (8.5%) and quarter over quarter (26%).

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