Linda H. Smith, Top Producer Business and Marketing Editor
| Tweets from Top Producer TopProducerMag: “In general, ag lending remains robust. Bankers have stepped up to the plate,” says Jason Henderson, KC Federal Reserve Bank at #TPSeminar TopProducerMag: “Looking at financial markets, we know there will be waves of foreclosures coming,”says J. Henderson, KC Federal Reserve Bank at #TPSeminar TopProducerMag: “Now what we’ve seen is that financial markets have eased,” says Jason Henderson, KC Federal Reserve Bank at #TPSeminar TopProducerMag: “We’ve had an extreme financial crisis,” says Jason Henderson, KC Federal Reserve Bank at #TPSeminar TopProducerMag: “We are on a recovery, it just doesn’t feel like it,” says Jason Henderson, KC Federal Reserve Bank at #TPSeminar Read all of Top Producer Magazine’s Tweets! |
He pointed to the Fed’s balance sheet, which soared from $800 billion to $2.3 trillion over the course of the recession. “Unraveling the holdings will be a balancing act,” he said. Ultimately, at the end of the day, we’ll see higher rates.”
As the economy picks up steam, inflation and more costly credit are highly likely. Henderson offers the following advice to farmers and ranchers who want to prepare for that day: “Manage debt well: Keep debt levels low, build or maintain equity and make prudent investments. That doesn’t mean to let opportunities slip by, but approach them with some caution.”
For More Information
Read the complete 2010 Top Producer Seminar coverage.
You can e-mail Linda Smith at lsmith@farmjournal.com.
