Wells Fargo & Co. will boost agriculture lending this year as producers’ costs climb, said Rod Alt, a senior vice president in the bank’s food and agribusiness division.
The bank issued $9.4 billion in new U.S. agriculture loans last year, Alt said, without providing details on how much lending may gain in 2011. He was speaking Wednesday in an interview at an industry conference in Denver.
Industry Outlook: How Does Your Dealership Stack Up?
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
