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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jul 16, 1986
Page
14
Wisconsin lenders have approved over 17.5 million in CROP loans to financially pressed farmers this year under state guaranteed terms. WHEDA and DATCP officials urge closer coordination across agencies to boost dairy and farm recovery, noting 1985 defaults and a potential 1987 continuation depend on legislative action.
Wisconsin FmHA state director Ronald W. Caldwell says the agency now holds title to 203 farms in Wisconsin, a record high, with more defaults likely next year. He notes a 28 percent drop in average loan size since 1985, but that FmHA has provided or guaranteed $617 million in low interest loans to over 10,000 farm families in 2.5 years and expects about half of delinquent loans to fail.
Wisconsin residents must register ATVs with a two year $12 fee for operation on state designated public trails. A $6 one time fee applies to units used for commercial or agricultural purposes or on private property. The Farm Credit system reports 203 farms in federal hands totaling 39 575 acres valued at 29 4 million with 125 rented and a moratorium on leases to prioritize former owners under the 1985 farm bill. Caldwell notes a long run wait for FmHA loan processing is over and Wisconsin farm families have received 165 million this year in loans and guarantees.
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