Interest expenses for 2023 projected to rise 19 percent to almost $34 billion
![Interest expenses for 2023 projected to rise 19 percent to almost $34 billion Bar chart showing interest expenses, in 2023 dollars, and annual percentage change from 2000 through forecasted amounts for 2022 and 2023.](/webdocs/charts/107081/farmdebt-fig03_768px.png?v=54.9)
USDA’s Economic Research Service projects that U.S. farm debt is expected to rise to a record level in 2023, with interest rates as the fastest-growing production cost. However, when measured using solvency and liquidity ratios, the potential impact of higher interest expenses is minimal.
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