Growing with growers since 1946
  • January 1st 2011 Issue
  • Story by Richard Lehnert
  • Good time for renewal or expansion

    Interest rates are at historic lows.

    Honeycrisp apples flow through the new three-lane Compac packing line at Lake Ontario Fruit Company. The company expanded last summer, and found funding available at a good interest rate. The United States fruit industry—especially the apple portion—is continuing its renewal program, replacing old varieties with new ones and revamping storage and packing facilities, in many cases to meet the needs of the new ­varieties. And in this renewal process, growers and packers are getting strong support from the Farm Credit System, which has money to lend and is lending it at interest rates that are at historic lows. Well-qualified borrowers […]

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