Track interest rate trends in benchmark rates, farm mortgages, operating credit, farm machinery and feeder loans, based on DTN sources and Federal Reserve surveys of ag banks.
Business & Inputs
The supply of ethanol in the United States increased during the week-ended July 15 while production from domestic plants averaged a record high at more than 1.0 million barrels per day.
Heavy reliance on cash rent has weakened farm finances, University of Illinois studies find.
HWRT Oil Company announced Tuesday it will provide pre-blended E15 at terminals in the Midwest.
The Iowa Soybean Association will provide $150,000 toward the defense of drainage districts sued in Iowa by Des Moines Water Works.
A competitive market for truckers means farm employers must emphasize their family values.
In its latest Short-Term Energy Outlook released today, the U.S. Energy Information Administration maintained its outlook for ethanol production and demand for this year.
Ag Interest Rate
|DTN Ag Interest Rate Snapshot|
|TODAY||- LAST YEAR|
|CCC Loan Rate||1.625||1.250|
|Real Estate *||4.28||4.24|
|Feeder Livestock *||4.18||4.01|
|Farm Machinery *||4.69||4.14|
|* Federal Reserve's quarterly average|
|effective interest rates at ag banks.|
The Federal Reserve’s December 2015 decision to gradually lift short-term interest rates has already hiked key rates on farm loans.