AgCountry to cut interest rates

01 Nov 2019
Our cooperative is very much in tune with the challenges facing farmers and our members right now. Our focus is on their success, and this move will help better position them in today’s environment.
– Marc Knisely, President/CEO
Fargo, N.D. – AgCountry Farm Credit Services will be reducing interest rates on variable rate loans. The new interest rate cut will be effective on December 1, 2019. 

“Our cooperative is very much in tune with the challenges facing farmers and our members right now,” said Marc Knisely, CEO of AgCountry. “Our focus is on their success, and this move will help better position them in today’s environment.”

Beyond cutting variable interest rates in 2019, the member-owned cooperative held firm on raising rates in 2018 despite multiple hikes by the Federal Reserve. 

The most recent decision was made following an announcement by the Fed on Wednesday, October 30 that it was reducing the Fed Funds Target Rate by .25%.