A banking industry leader says recent gains in commodity prices have helped slow a recent trend.

Rose Oswald Poels is the President and CEO of the Wisconsin Bankers Association. She says, “We are definitely seeing fewer farm bankruptcies, yes.”

Poels tells Brownfield the increase in farm income has allowed farmers to pay down or pay off debts. “Between commodity prices and the government funding, you know, the farm sector is really in a really strong place so you’re not seeing bankruptcies as a result.”

Poels says one good thing that came from the pandemic shutdown was everyone realizing how important farming is to keeping food on everyone’s tables.

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