WI Agricultural Loan Restructures Up; Wisconsin Bankers Association's Ag Bankers Report on WI Ag Lending

MADISON, Wis., May 16, 2019 /PRNewswire/ -- 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."

"One of our members said it best. 'In these difficult times, just being there to listen is the most important thing we do. Saying yes is easy, saying no is difficult … and sometimes no is the most honest answer.'"

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.

In addition to ratifying the USMCA agreement, 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.

Wisconsin's banking industry has a front-row seat to the difficulties that ambiguity and uncertainty are causing our state's agricultural industry. Our farmers, dairy producers, and agribusinesses cannot wait. Congress must act now.

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

Below is a breakdown of the questions and responses.

The Wisconsin Bankers Association is the state's largest financial industry trade association, representing nearly 235 commercial banks and savings institutions, their nearly 2,300 branch offices and 23,000 employees. 

For more information, contact Eric Skrum, Wisconsin Bankers Association, 608-441-1216, [email protected]

SOURCE Wisconsin Bankers Association