Wisconsin Bankers Association President and CEO Rose Oswald Poels joins Mid-West Farm Report for an update on today's interest rates and the appetite for agricultural loans. She says interest rates are projected to continue climbing for the sake of reducing inflation -- but notes it's anybody's guess if it's working. Home prices are still high, but the 5.25 percent interest rate for 30-year mortgages is still relatively low if you're looking to buy. In the ag community, she says farmers are focusing on operating lines of credit versus loans for land, buildings or new equipment. This is because of the uncertainty of 2023 and the high input costs in regard to fuel and fertilizer.

Wisconsin Bankers Association President and CEO Rose Oswald Poels joins Mid-West Farm Report for an update on today's interest rates and the appetite for agricultural loans. She says interest rates are projected to continue climbing for the sake of reducing inflation -- but notes it's anybody's guess if it's working. Home prices are still high, but the 5.25 percent interest rate for 30-year mortgages is still relatively low if you're looking to buy. In the ag community, she says farmers are focusing on operating lines of credit versus loans for land, buildings or new equipment. This is because of the uncertainty of 2023 and the high input costs in regard to fuel and fertilizer.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

Join Pam Jahnke for the latest farm news. Heard daily on WOZN 96.7 FM and 1670 AM in Madison Wisconsin from 5-6am. Also heard on affiliate stations all over Wisconsin.

MID-WEST FARM REPORT - MADISON

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Daily audio and podcasts from the Mid-West Farm Report Madison!

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