I began farming on my own in 1980. Short term interest
Posted on: December 15, 2021 at 07:56:45 CT
BH O'bonga MU
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rates topped out at about 22% for operating loans. I recall farm mortgage interest rates got as high as the mid-teens. The federal gov't (the Fed) didn't get inflation under control until about 1983. However, the farm economy suffered severe recession until the late 80s.