Glen Smith of the Farm Credit Administration Board of Directors Weighs in on Interest Rates

(Atlantic) Glen Smith of Atlantic, a of the Farm Credit Administration’s three-member Board of Directors in Washington D.C., spent a couple of days this week at a seminar with the Kansas City Federal Reserve in Omaha. Smith says interest rates were one of the major topics at the table.

Smith notes that a generation of young farmers has not experienced interest rates higher than five or six percent.

Smith says the Feds must be convinced inflation is slowing down before they lower interest rates. Smith is optimistic that interest rates will come down in a period when credit quality is outstanding across North America.

When asked about the future of commodity prices, Smith is not so optimistic.

Glen Smith is in his 7th year on the Farm Credit Administration in Washington, D.C. He is the former Chairman and CEO, whose term ended two years ago. However, he remains on a holdover status.