The excitement of a new year and COVID-19, which affected the global supply chain during this pandemic, have awakened consumers to the importance of agriculture. We, as ag bankers, realize how important farmers are to this economy. We will start seeing more growers digitize their farms at a faster rate and use electronic platforms with their partners to conduct routine business. We also will see agricultural professionals increase their personal protective equipment for their staff and establish better social distancing to mitigate the risk of spreading the virus.
If the virus doesn’t get under control and the infection rate keeps increasing, we could see supply chain shortages and slowdowns from farm product deliveries as workers stay home due to illness or caring for a family member. These same concerns would affect processors. Slowdowns could also impact fertilizer, fuel, and other farm inputs.
Everyone has experienced a lot of stress this year dealing with the COVID-19 pandemic, which has caused turmoil in markets and loss of work and family illness. I hope that we all stand together to get through these hard times and put our people and country first.
Let’s all remember to thank all the farmers who work so hard to supply for the needs of this country.
Paul Curran is VP, commercial/ag lending with Ergo Bank in Fox Lake and serves on the WBA Agricultural Bankers Section Board of Directors.