(Terry Fries – Commodity News Service)
Higher interest rates and a stronger Canadian dollar relative to the American currency is giving Canadian farmers a double whammy.
According to Farm Credit Canada’s chief agricultural economist it is a situation farmers will likely have to deal with for at least the remainder of the year.
J.P. Gervais said he thinks farmers and agribusinesses will be able to manage the higher interest rates, but the higher dollar may prove more problematic. Click here to read more.