Leveraging Bullish Prices and Interest Rates to Manage Costs

Rising corn and soybean prices are contributing to improving revenue prospects for row crop farmers. When it comes to managing costs and debt, producers also should consider interest rates as part of an overall cost management strategy. New analysis this week shows that while refinancing or consolidating debt does have an initial cost, it’s well worth considering today given low interest rates and expected strong grain prices through at least the first part of 2021. Right now, interest savings alone will likely offset any up-front costs. See more of what to consider if you’re thinking about refinancing to contain costs.