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.

▶ 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

▶ Reply

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

▶ Reply to Discussion

RSS

Welcome to
Ontario Agriculture

Sign Up
or Sign In

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

CFIA placing import restrictions on some U.S. livestock

New World screwworm was confirmed in a Texas calf

Ag in the House: June 1 – 5

Minister MacDonald highlighted ag investments on June 1

Canola Crisis and Cattle Threat Shake Global Commodity Markets

Heavy rains in Canada and cattle disease in the US are impacting crop production and livestock markets, creating uncertainty. Experts warn of supply issues and possible price changes in coming weeks.

Water Based Nanotech Improves Pesticide Use on Crops

University researchers developed a water based nanotech solution that helps pesticides stick better to crop leaves reducing waste improving pest control and supporting sustainable farms worldwide

10% of the Cows, Half the Beef Exported: How Canada Punches Above Its Weight

With just under 3.5 million beef cows and a fed kill shy of 3 million head, Canada raises a fraction of North America’s cattle — but exports roughly half of what it produces as live cattle or beef. Canadian Cattle Association (CCA) General Manager Ryder Lee says Alberta–Saskatchewan cow country, Ontario and Alberta feeding hubs, and U.S. packing plants in Washington, Utah and Pennsylvania are tightly interlinked, making border access and science-based trade rules non-negotiable for producers on both sides. Raised on a commercial cow-calf operation in southern Saskatchewan — just 20 miles north of Montana — Lee grew up in what he describes as “cattle country.” After earning an animal science degree, he spent six years in agricultural sales with Dow AgroSciences before stumbling into cattle industry association work. He spent a decade in Ottawa doing policy lobbying, then served seven years as CEO of the Saskatchewan Cattlemen’s Association before joining CCA as General Manager three y

More…

Badges | Report an Issue | Terms of Service