Some farm expansions happening despite down economy

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Some farm expansions taking place regardless of down economic system

An agricultural banker says some farm operations are borrowing for expansions regardless of the down farm economic system and better rates of interest.

Roger Sinkula with Nicolet Nationwide Financial institution tells Brownfield a lot of that growth is within the dairy sector. “I see a few farmers which might be increasing their heifer operation or are placing up some buildings for heifer operations or are, relying on the place they ship their milk, we’re seeing some expansions to the cow numbers for these milk vegetation as nicely.”

Sinkula says the dairy expansions look like regional and depending on the place processors are increasing and want extra milk. 

He says the growth within the down economic system is a little bit of a shock. “It does shock me however the cheese demand remains to be robust on the market so lots of people are nonetheless ready to see what these tariffs are going to deliver and the way that’s going to have an effect on the exports of the cheese, however general, the demand for cheese remains to be robust.”

When requested if farmers and processors are apprehensive concerning the new tariffs, Sinkula says, “I feel all people is form of taking the perspective of let’s wait and see what occurs right here and provides it a couple of months or a while to work itself out by means of the system.”

Sinkula spoke to Brownfield in the course of the WPS Farm Present in Oshkosh, Wisconsin.

AUDIO: Roger Sinkula with Nicolet Nationwide Financial institution discusses growth and farm funds with Brownfield’s Larry Lee in the course of the WPS Farm Present.