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.
