Ontario Agriculture

The network for agriculture in Ontario, Canada

What are you doing about interest rates and what are the banks saying?

I have been watching the news and it looks like interest rates might be going to rise to slow inflation? What is everyone doing on long term debt...locking in?
What have the banks been saying and are they being good to deal with right now...just looking at our crop financials for last year and with the prices and decent yields we are going to have a good year so they should be easier to deal with...

Just wondering what everyone else is hearing out there.

Views: 34

▶ Reply to This

Replies to This Discussion

Permalink Reply by duane dietrich on January 9, 2010 at 9:54am
i have 50% of my debt load locked for 5 yrs just did this in the last month the other 50 % i have floating thinking of doing some 1 yr or 2 yr lockins no question rates will rise in 2010 but i dont think we,ll see much more then 1 point increase through the year
Permalink Reply by Roadrunner on January 10, 2010 at 8:26am
Thanks Duane:

What rate did you get on the 5 years and with what bank if you don't mind me asking....
I was reading that China was starting to raise rates to slow inflation...the US owes them so much money that I think even though the US economy is weak it could lead to higher rates...every point increase is a real increase in our interest expenses...

RR

▶ Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

U.S. Crude Oil Output May Decline After Record Levels

U.S. oil production is expected to hold steady in 2026 before declining in 2027 as falling prices reduce drilling activity despite modest gains in offshore and Alaska output.

US Gasoline Prices Expected to Stay Lower Through 2027

U.S. gasoline prices are forecast to decline in 2026 and stay relatively low in 2027 supported by lower crude oil prices despite regional refinery challenges.

Kubota Backs Mountain Bike Freeride Trail Builder

A new partnership makes Kubota the title sponsor of freeride biker Carson Storch allowing bike freedom while supporting trail building and innovative sponsorship models in action sports.

Federal, Saskatchewan Governments Invest in Livestock, Forage Research

New funding has been announced for livestock and forage research in Saskatchewan, aiming to strengthen innovation, sustainability and long-term competitiveness across the sector. 

Alberta Crop Insurance Premiums Set to Increase

Alberta producers are being told to brace for an increase in crop insurance premiums for the 2026 growing season, driven largely by the financial impact of recent dry years across the province. 

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service