An ag lender says this winter farmers need to calculate the impact increased interest rate levels could have on their business.
Denise Watson with Merchants Bank based in Indiana says rates seem to have stabilized and the shock of record increases is over.
“Now this is where everything kind of gets dialed in, and this is reality that this is maybe where they’re going to stay,” she says. “It’s not just a quick up quick down type of thing, so adjustments are being made all around.”
She tells Brownfield relationships matter when working with lenders and building personal connections can make navigating financial challenges less difficult.