Corn being harvested in a fieldFor farmers, there are two clear impacts of rising interest rates: 1) It will cost more to borrow money, and 2) agricultural products will be more expensive for importing countries as the U.S. dollar continues to climb. Both will require farmers to have a greater awareness of the current environment when making marketing decisions.

Experts suggest monitoring basis, carry and price, and weighing the benefits of storing, selling cash and buying futures. Farmers should have an in-depth conversation with their grain advisor to weigh the merits of specific strategies and consider all variables of the current market.

Read more on how rising interest rates are impacting commodities here.