Lender encouraged by smaller interest rate increase

Lender encouraged by smaller interest rate increase

An ag lender is encouraged by how small the latest Federal Reserve rate hike is.

Chris Lotzer with Ag Country Farm Credit Services in Marshfield, Wisconsin tells Brownfield he’s hopeful Wednesday’s quarter-percent increase to 4 ¾ percent is a sign of rates leveling off. “A quarter of a percent is a lot better than seeing these three-quarters of a percent rate hikes that we’ve had over some of those last Fed meetings.”

Lotzer says many farmers are in good financial shape and won’t need the higher-interest operating loans as soon.

.