interest rates | Red River Farm Network

Rate Cut

Published November 8, 2024

The Federal Reserve Open Market Committee approved a quarter-percent interest rate cut. The benchmark federal funds rate is now in the range of 4.5 percent and 4.75 percent. Fed Chair Jerome Powell said inflation can continue heading lower with a…

Modest Rate Cuts on Horizon

Published October 2, 2024

After cutting the federal interest rate by a half percentage point in September, Federal Reserve Chair Jerome Powell does not see a reason to be as aggressive going forward. Powell said the economy is in solid shape and that a…

Interest Rate Decision This Week

Published September 14, 2024

The Federal Open Market Committee is meeting Tuesday and Wednesday. A .25 interest rate cut is expected. The announcement will be made on Wednesday at 1 PM.

Farm Expenses Continue to Rise

Published July 29, 2024

Total farm production expenditures totaled $482 billion in 2023, up 6.5 percent from 2022. On a per-farm basis, farm expenditures were just over $255,000. Feed is the largest production expense, representing nearly 17 percent of farm expenditures last year. In…

Economic Concerns Creep Into the Conversation

Published July 15, 2024

Grain prices have slumped to levels not seen since December 2020. That scenario has caused some anxiety in farm country. "We're sensing that," said North Dakota Agriculture Commissioner Doug Goehring."They're a little concerned that they may have to have a bumper…

Interest Rates and Input Costs Remain a Worry

Published July 7, 2024

According to the latest Purdue University/CME Group Ag Economy Barometer, farmer attitudes are drifting lower. "The barometer did drift a little lower this month," said James Mintert, director, Purdue Center for Commercial Agriculture. "People became a little less optimistic about…

Interest Rates Holds Steady

Published March 21, 2024

The Federal Reserve left its federal funds interest rate unchanged at 5.25-to-5.5 percent. Fed officials also said two or three interest rate cuts will likely happen this year.

Articles tagged under: interest rates

Rate Cut

Modest Rate Cuts on Horizon

Interest Rate Decision This Week

Farm Expenses Continue to Rise

Economic Concerns Creep Into the Conversation

Interest Rates and Input Costs Remain a Worry

Interest Rates Left Alone

Global Interest Rates Adjust

A Risk for Lenders and Borrowers

Interest Rates Holds Steady

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