Despite some worries, agriculture and community banks "are a strong
The Independent Community Bankers Association of Wisconsin is holding
"Ag is one of the largest industries in our state," Mr. Lund says.
"Community banks have played a large role in it, and I think will
Wisconsin's well-known dairy industry has been transformed in recent
Many producers have expanded while upgrading their technology.
"Just like the banking industry is changing, the agriculture industry is
But concern is growing among the state's community banks that expansion
"Some of those expansion loans are pushing their limits," Mr. Lund
"Community banks will continue to be partners with those operations,"
The trade group official expresses optimism about community banks in the
"They are very healthy and they are very competitive," he said.
"The numbers look very good for community banks. Just within the last
Wisconsin ranked among the top 25 states in bank return on assets in the
Banks in the state with $1 billion of assets or less returned 1.18% on
The trade group has taken no position on the key national issue of
Over the next year, though, it will monitor the early effects of the
Mr. Lund came to the group from the Wisconsin Agribusiness Council, of
The council represents such farm-related businesses as feed and chemical
Earlier he was associate director of government relations for the
In his new post he succeeded David Glomp, who left in May after five and