How Will Rising Interest Rates Affect Organic Farms?
In the most recent edition of Farm Credit Canada’s weekly agriculture news update, OCO President Tom Manley was quoted on the challenge that a rise in interest rates will pose for farmers – especially organic farmers – in Canada.
Young farmers and new entrants to agriculture are especially vulnerable to rising interest rates, as these are the farms most likely to be in debt to financial institutions, as a necessity of annual operation.
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