How might the change in Congress impact the next Farm Bill? Will rising interest rates cut land values? And what’s the financial state of local banks?
While there wasn’t a big red wave during the mid-term elections earlier this month, change happens. The 118th Congress will be split as the Republicans take back the house in 2023. But what might that mean to the next farm bill?
Curt Covington, senior director of partner relations, AgAmerica Lending, has long followed the ag economy and the policies that shape the industry. He discussed the next farm bill and what may be ahead for the new Congress. And the conversation veered farther than just discussing the mid-terms.
Covington also explored how rising interest rates may impact land values. Even with new of amazing record high land sales, there are new pressures on land values and returns. He discusses that and more during his conversation in the Around Farm Progress podcast. Give it a listen.
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