Wisconsin banks backing call for more flexibility in ag lending

6 Mar 2020


The Wisconsin Bankers Association is backing an effort from U.S. Sen. Tammy Baldwin to give financial institutions more flexibility in lending to farmers. 

Baldwin and Republican U.S. Sen. John Thune of South Dakota urged financial regulators in a recent letter to relax certain regulations that limit loans to agricultural businesses. 

“The letter encourages regulators to listen to the judgement of local bankers who obviously know their customers well, and know the cycles well and have a lot of experience with it,” said WBA President Rose Oswald Poels in a recent interview. “Providing greater deference to bankers is always a positive.” 

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