NEWS
An Urban's Rural View
Urban C. Lehner Editor Emeritus
Fri Jul 18, 2014 06:21 AM CDT

Corn and soybean prices are underwater but at least growers haven't had high interest rates to contend with. The Federal Reserve has held its benchmark interest rate near zero since late 2008 and farm-loan rates have hovered at historic lows.

But in finance, what comes down must eventually go up. Everyone knows interest rates will rise sooner or later. The only question is when.

The Fed has taken a step toward tighter money by winding down its "quantitative easing" bond purchases, which now look likely to end in October. But interest rates? Most Fed-tealeaf readers have doubted the central bank ...

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