Special Report

No time to sit on the sidelines

Some were surprised when the Federal Reserve Board decided to leave interest rates unchanged a couple of weeks ago. Sam Miller with BMO Harris Bank says that doesn’t mean farmers should be sitting on the sidelines. Miller says interest rates are as low as they are going to be so farmers should try to get fixed rates in on their debt. As for cash flow; Miller says it is not about price but about what the margins are. There seems to be a number of producers who are holding-off on purchasing inputs for next spring thinking prices will go down. Miller says producers may be able to wait a little longer but cautions they should not wait too long; “make sure you have what you will need next spring.”