Commodity Prices Drive Ag Loan Decisions

In September, the Federal Reserve lowered interest rates for the first time in four years. They cut rates by a half point to support the economy. But the move is likely to not play a role in stimulating the ag economy as farmers face low grain prices, explains agricultural banker Jeff Wilke of Green Bay. Wilke is the chair of the Agricultural Banking Section within the Wisconsin Bankers Association. He says right now, his customers are focused on their balance sheets, increasing farm efficiencies, and succession plans. Interest rates play a role, but not a lot at this time.

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