Bank of Canada Interest Rate Cut
The Bank of Canada has dropped their interest rate another .5% today.
This will positively impact farmland values and farm profitability in a couple of ways:
1-Over time this should equate into lower interest rates on farmland loans. This will allow buyers to pay more for land and make it easier for them to service debt on new farm land purchases.
2-Interest rates on lines of credit and trade credit should trend lower. Interest rates on farm machinery and other farm purchases should trend lower. The overall cost of running a farm business will be lower which allows for more profitability.
For more information on this topic click the link below
(Global TV link HERE)
Ted is always happy to meet new people and to explore new opportunities. He is your expert in the field!
Feel free to call 1-306-986-7255 or email ted@cawkwellgroup.com
For more information about Ted and the rest of the team, visit our website to download our Buyers and Sellers Information Packages and learn how the Cawkwell Group can be beneficial in helping you buy or sell farmland real estate in Saskatchewan!
Visit the website at www.cawkwellgroup.com. View current listings and to stay up to date with the latest farm news and farmland investment opportunities around Saskatchewan. You can also check out the Cawkwell Group on Facebook!
