Brady Brewer, Associate Professor of Agricultural Economics and Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics at Purdue University reported that “2023 saw increasing interest rates, stable land values and lower farm profits relative to the year before. Overall, it was a good year for farmers’ balance sheets for both short-term and long-term assets. Overall, farmers have benefited from several years of higher net incomes, meaning that liquidity is high. This has resulted in some farmers decreasing operating loans to avoid higher interest rate costs which has pushed the demand for loans...