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Country Today in Eau Claire, Wisconsin

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Country Today

Location

Eau Claire, Wisconsin, United States of America

Date

Mar 20, 1985

Page

20

Dunn County farmers face loan gaps for spring planting

Richard Most of First Bank and Trust of Menomonie told the Wisconsin Bankers Association forum that up to 200 Dunn County farmers may be unable to obtain operating loans this spring. He cited 5 to 8 percent of the county's 1,800 farmers at risk, discussed cash flow lending, FmHA and ASCS staffing, and caution about moratoriums on foreclosures while aiming to keep farmers on the farm. He urged phasing out price supports in favor of broader budget balance and dollar parity.

Dunn County Richard Most First Bank and Trust of Menomonie Wisconsin Bankers Association Mr. Most Most

Wisconsin Farmers Not In Financial Trouble Report

Wisconsin Bankers Association members say 84 percent of farmers are not in financial trouble while some deposit customers seek short term loans. Older farmers may retire but stay on farms awaiting land sale proceeds as land values drop 27 percent over five years. About 4.5 to 6 percent face credit risk for spring operating loans. banks averaged one bankruptcy and one foreclosure this year.

Wisconsin Wisconsin Bankers Association Agriculture Crisis Forum

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