A recent poll by the Wisconsin Bankers Association of Wisconsin’s agricultural bankers shows an increase in loan restructures and concerns over commodity prices. Despite these challenges, responses generally indicated a healthy banking sector ready to serve its customers. In fact, nearly 70% of the 69 agricultural bankers from around the state indicated their bank is actively pursuing new ag business.
"Bankers value the farms, agribusiness, and hardworking people that make up the communities they serve,” said Rose Oswald Poels, WBA President and CEO. “It’s important for the ag community to have Wisconsin banks to help them through these tough times. Bankers are dedicated to serving their ag customers, even when a loan or other financial product isn’t the best solution.”
Just as Wisconsin’s banks are working to assist their agricultural customers during these challenging times, the WBA is also doing their part by recently urging Congress to take action quickly to conclude the ongoing international trade discussions. The markets have already priced passage of USMCA, however, our Wisconsin agriculture cannot wait for Congress to act. Wisconsin farmers need Congress to come together on a trade solution.