Posted 9/3/2010 09:03 (#1344822 - in reply to #1344620) Subject: Re: At the risk of ....
Through the 70's interest was typically 8% for farm loans at local banks. Passbook savings accounts were 5%, long term Farm credit loans were 7%. By 1979-80, local banks had gone to 18-20%, 5-10 year CD's were paying 15%.