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In recent months, the U.S. Federal Reserve increased the benchmark interest rate for lenders, the highest hike since the 1980s, to combat rising inflation for everyday Americans. Here’s what you need to know about managing your farming operation with higher interest rates.
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Succession and estate planning can be difficult and emotional for many American farms. However, they are necessary for the health of the farm and the future of the family members involved. Lack of direction in transferring the farm can make moving forward difficult for everyone involved.
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One of the keys to success for today’s agricultural producers is a strong marketing plan which includes knowing break-even costs, having a solid action plan and keeping emotions out of it, according to tips released by the American Bankers Association at the ABA National Agricultural Bankers conference in Omaha, Neb. Members of the ABA Agricultural…
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