Wheat is up 70% with other commodities up substantially as well. Farm land sale prices are setting records. To say things are frothy is an understatement, and it's not just in Ag. So what does all this mean at the farm level? What impact does a half to one percent raise in interest rates have on our industry? Curt Covington, Senior Director of Institutional Credit at AgAmerica joins me to discuss all this and more. He explains the 10-7-3-1 Rule of Ag lending, how things resemble the '80's, and how labor shortages are driving innovation in production Ag quickly. Sponsored by Nori nori.com and Pattern Ag pattern.ag
The Business of Agriculture Podcast