Wisconsin Ag Connection - State Ag Bankers Working to Help Farmers Restructure Debt

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State Ag Bankers Working to Help Farmers Restructure Debt
Wisconsin Ag Connection - 05/21/2019

A recent survey of agricultural bankers in the Badger State indicates that many rural lending institutions are not only working to serve farmers during these challenge times, but most are also pursuing new ag business. According to a poll conducted by the Wisconsin Bankers Association, respondents say they would like to see Congress to take action to work out the ongoing international trade discussions.

"Bankers value the farms, agribusiness, and hardworking people that make up the communities they serve," said WBA President Rose Oswald Poels. "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."

In addition to ratifying the U.S. Mexico-Canada Trade Agreement, the lenders think Congress should consider providing additional resources for a Dairy Innovation Hub and also review all recommendations from the Wisconsin Dairy Task Force for potential ideas within the USMCA framework.

The survey was conducted as part of the WBA Agricultural Banker Conference in April.

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