CoBank Quarterly: High Interest Rates, Strong U.S. Dollar Taking an Oversized Toll on Agricultural and Rural Economies
October 12, 2023
October 12, 2023
DENVER, Colorado, Oct. 12 (TNSres) -- CoBank, a cooperative bank that serves agribusinesses, rural infrastructure providers and Farm Credit associations, issued the following news release:
The combination of high interest rates and a strong U.S. dollar is beginning to take a disproportionate toll on rural industries like agriculture, forest products, mining and manufacturing. Most international transactions are still conducted in dollars, and a strong dollar makes U.S. exports more . . .
The combination of high interest rates and a strong U.S. dollar is beginning to take a disproportionate toll on rural industries like agriculture, forest products, mining and manufacturing. Most international transactions are still conducted in dollars, and a strong dollar makes U.S. exports more . . .