Most Dealers Believe Interest Rate Hikes Would Hamper Sales

Nearly two-thirds of farm equipment dealers surveyed in early February expect higher interest rates on retail equipment will cause their farm customers to think twice before deciding to buy new equipment in 2018.

Ag Equipment Intelligence editors’ discussions with ag lenders, as well as reports from various districts of the Federal Reserve Bank points to probably 3 increases during 2018 of about 0.25% each, or less than a 1% overall in rate increases for the…

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