Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
75°F
Dew Point
51°F
Humidity
43%
Wind
WNW at 9 mph
Barometer
29.98 in. F
Visibility
10.00 mi.
Sunrise
05:42 a.m.
Sunset
08:23 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 77 to 60 degrees with partly cloudy skies. Winds will range between 9 and 18 miles per hour from the west. No precipitation is expected.
7-Day Forecast
Wednesday
77°F / 58°F
Partly Cloudy
Thursday
79°F / 58°F
Sunny
Friday
80°F / 57°F
Scattered Showers
Saturday
77°F / 57°F
Sunny
Sunday
81°F / 57°F
Scattered Showers
Monday
82°F / 61°F
Scattered Showers
Tuesday
67°F / 60°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Wednesday...Temperatures will range from a high of 77 to a low of 58 degrees with partly cloudy skies. Winds will range between 7 and 18 miles per hour from the westnorthwest. No precipitation is expected.
Overnight ...Temperatures will remain steady at 59 degrees with partly cloudy skies. Winds will range between 7 and 11 miles per hour from the northwest. No precipitation is expected.
Thursday...Temperatures will range from a high of 79 to a low of 58 degrees with mostly clear skies. Winds will range between 1 and 9 miles per hour from the westnorthwest. 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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