Max Armstrong recalls a discussion of the potential impact of rising interest rates on farmers that he picked up last year at the Farm Futures Summit, which kicks off again on Jan. 19. But that year-old discussion of higher interest rates was shown to be even more relevant in a recent report on Farmdoc Daily at the University of Illinois. Max shares some new stats on the impact of interest rates, and how high they may stay for at least the near term.

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: Matthias Kulka