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Farm Progress America, January 21, 2021

Max Armstrong offers a look at an interesting farm expense – interest costs

January 21, 2021

Max Armstrong reports on mortgage interest rates and how they offer opportunities for farms. Max shares that in 2019 interest cost accounted for more than 10% of farm operating cost on nearly 20% of grain farms in the Illinois Farm Business Farm Management Association. Max shares that 45% of those farms have cost exceeding 5% of operating cost.

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/iStock/Getty Images Plus

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