Farm business strong at World Dairy Expo in Madison - WKOW 27: Madison, WI Breaking News, Weather and Sports

Farm business strong at World Dairy Expo in Madison


Tens of thousands of dairy farmers, vendors, and farm enthusiasts convened on the Alliant Energy Center in Madison for the annual World Dairy Expo.

They are talking about the latest milking technology and cow medicine.

But milk isn't the only thing they're talking about... farmers are also worried about the credit crisis.

"It's something to worry about.  Before I came here, you turn on the news, and see one bank failing after another," said Illinois farmer Ronald Paaske.

Farmers rely on loans to buy new equipment and upgrade their technology.

If loans dry up, farms could go out of business.

For now, though, that's only a worry.

Every farmer and vendor we met says business is strong and loans are available.

"Money is tight," said vendor Gary Taylor, "but it seems more people have more money to spend."

"Agriculture is recession proof," said another vendor.

A bank loan officer we met says banks like hers consider farming a safe and necessary investment.

"Our procedures for approval loan applications haven't really changed," said Jen Conrad. "We've always taken a conservative position."

That's a position the farmers hope doesn't go sour.

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