2023
Q4
AGVIEWS
High Interest Rates and the Impact on Lending — BY LYNN PAULSON
Bell Bank Director of Agribusiness Development
The rapid rise in interest rates over the last 20 months has been well documented. Although the Federal Reserve has taken a “pause” in additional increases recently, they have raised the interest rate 11 times since March 2022 – the steepest hike in four decades. What do the continued high rates mean for lending? And how will farmers and ranchers be impacted in the months and years to come?