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The U.S. agricultural sector is affected by four key macroeconomic variables: exchange rates, interest rates, income growth, and terms of trade. ERS analyzes the impact of changes in these macroeconomic factors on U.S. agriculture.


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Macroeconomic Factors Behind the Fall in Farm Interest Rates indicates that interest rates on agricultural loans are determined by factors primarily outside of agriculture. This article discusses the factors that led to the fall in farm interest rates in 2001, as well as the farm interest rate outlook for 2002.

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updated: June 18, 2002

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Amber Waves, February 2004

Macroeconomic Factors Behind the Fall in Farm Interest Rates

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