In this chapter, we discussed financial markets and the commercial banking system. Part of the chapter was devoted to interest rates and their impact on the demand for money, or credit. As the interest rates increase, the demand for credit tends to decline. Recently, the Federal Reserve has expressed a desire to raise interest rates. When this happens, it will have an impact on agricultural producers due to the capital intensive nature of farming. What effect will higher interest rates have on the farming economy? In your opinion, should interest rates be increased despite low commodity prices? In your answer, please reflect on why the Federal Reserve wants to raise the interest rates