When interest rates rise,the debt burden for farmers
A)Rises and the value of their land falls.
B)Falls and the value of their land falls.
C)Rises and the value of their land rises.

Question

Quizplus · Accepted Answer

When interest rates rise, the cost of borrowing money for farmers also rises, which means that their debt burden becomes higher. This can lead to financial difficulties for farmers and decrease their ability to invest in their operations. Additionally, the higher interest rates may lead to a decrease in demand for farmland, which could result in a fall in the value of farmers' land.

When Interest Rates Rise,the Debt Burden for Farmers