Wautoma, WI
Current Conditions
0:56 AM CDT
Partly Cloudy
Dew Point
CM at 0 mph
29.83 in. F
10.00 mi.
05:21 a.m.
08:26 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 76 to 63 degrees with mostly cloudy skies. Winds will range between 7 and 13 miles per hour from the southwest.
7-Day Forecast
76°F / 60°F
Scattered Showers
77°F / 56°F
Light Rain
79°F / 59°F
Partly Cloudy
80°F / 60°F
Scattered Showers
77°F / 45°F
Light Rain
53°F / 42°F
55°F / 42°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Monday...Temperatures will range from a high of 76 to a low of 60 degrees with partly cloudy skies. Winds will range between 5 and 13 miles per hour from the southsouthwest. 0.24 inches of rain are expected.
Overnight ...Temperatures will range from 63 to 60 degrees with partly cloudy skies. Winds will range between 5 and 9 miles per hour from the southwest. No precipitation is expected.
Tuesday...Temperatures will range from a high of 77 to a low of 56 degrees with mostly cloudy skies. Winds will range between 7 and 11 miles per hour from the west. No precipitation is expected.

Drought prompts patronage payout to Badgerland Financial members

Nov. 1, 2012 | 0 comments

In response to this year's adverse weather conditions and their impact on Wisconsin farm families, Badgerland Financial is making a special, one-time patronage distribution totaling $5.2 million to its members in October.

Historical high temperatures in mid-March and early April combined with drought conditions throughout much of the growing season have resulted in greatly reduced crop yields and tight feed supplies.

Extreme summertime heat also caused reduced milk production for many dairy farmers.

"Badgerland Financial understands the challenges the drought may have created for our members and we want to be proactive in responding to their needs," says Diane Cole, CEO of Badgerland Financial.

Cole continued, "We know there are needs today that can't wait until 2013. This special patronage distribution can help offset some of the additional expenses of our members."

Cole notes there are some bright spots for its members that distinguish this time from past drought events, such as most are financially stronger following two or more years of record profits and robust crop insurance programs are utilized and will help offset losses for many.

Furthermore, interest rates are still historically low and producers are able to lock in long-term rates.

Meanwhile, Badgerland Financial and other agricultural cooperatives have strengthened their balance sheets in recent years and are positioned to withstand any weather-related business impacts.

"It's our mission and that of all Farm Credit associations to stand by our customers, in good times and bad. We're not going anywhere," adds Cole. "We are working collaboratively with our members on a case-by-case basis, offering options for modifying loan terms and repayment schedules, if needed. Together we will navigate through the issues they're facing."

This past March Badgerland Financial paid $9 million in cash patronage to its members, bringing the total to more than $60 million distributed over the last eight years.

Based on strong financial results year-to-date and expected results for the remainder of this year, the Association also anticipates paying any balance of its 2012 patronage distribution in early 2013.

Badgerland Financial, headquartered in Prairie du Sac, is a locally-owned cooperative serving members through offices in 17 communities in 33 southern Wisconsin counties. To learn more, visit badgerlandfinancial.com.

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