Bankers are making more ag loans

Bankers are making more ag loans

The President and CEO of the Wisconsin Bankers Association says more agricultural loans have been made recently.  Rose Oswald-Poels tells Brownfield the number of agricultural loans grew more than any other sector, including commercial and home loans.  “Farm loans grew about eight and a half percent year over year looking again at June 30th numbers, but quarter over quarter, they grew by over 26%, so not a concerning increase but a notable increase.”

Oswald-Poels tells Brownfield operating loans have gone up substantially for dairy producers in the last couple of months, but that’s not the only reason for more borrowing.

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