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Farm Progress America, January 21, 2021

Max Armstrong offers a look at an interesting farm expense – interest costs

Max Armstrong reports on mortgage interest rates and how they offer opportunities for farms. Max shares that in 2019 interest cost accounted for more than 10% of farm operating cost on nearly 20% of grain farms in the Illinois Farm Business Farm Management Association. Max shares that 45% of those farms have cost exceeding 5% of operating cost.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: Matthias Kulka/iStock/Getty Images Plus

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