On this episode of Impact Farming, we sit down with JP Gervais from FCC to discuss interest rates and financial risk management strategies.
We explore the differences in fixed and variable loans and JP answers Tracy's burning question about whether or not it is cheaper to go with a variable or fixed interest rate on your loan.
In the conversation, we do a look back at where interest rates have over the years and where they are going. Will we ever see the rates from the 80's? He gives his thoughts on this. JP also shares some important predictions about the upcoming Bank of Canada interest rate announcements and whether he thinks they will be raising the interest rates next week and then again in their early 2019 announcements.
To wrap it up, JP discusses his thoughts on interest rate and other financial risk strategies and how this is really part of bigger financial conversation about your farm, your financial positioning and in some cases your risk tolerance.
Farmers, what is your interest rate strategy?
Do you farm a financial favour and don't miss this interview!
