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Interest Expenses on Farmland Debt Could Challenge Farm Profitability

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Abstract

From 2021 through 2023, farmland values and then interest rates grew, raising interest expenses for crop producers. These higher interest expenses could considerably reduce returns for producers with high levels of land debt. These producers may need large cash down payments to reach profitability with new or refinanced debt.

Suggested Citation

  • Ty Kreitman, 2024. "Interest Expenses on Farmland Debt Could Challenge Farm Profitability," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, February.
    • Handle: RePEc:fip:fedkeb:97763
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