Harvest is all but finished at this point, and as we’ve mentioned many times on here, it’s a good time to reflect on the successes and struggles from this year’s crop. It’s also important, though, to look ahead to the start of the 2023 season. Matt Erickson, economic and policy advisor with Farm Credit Services of America, said there’s going to be a lot of focus on interest rates and the crops down in South America.
In general, 2022 was a year a volatility, and it will likely be remembered for events like the drought in the U.S. and the war in Ukraine. Volatility is never expected, of course, so Erickson said it’s important for people to know how to react when sudden volatile market conditions occur.
For more financial advice, visit fcsamerica.com.