Ag banking is one of the bright spots in the financial sector these days, Sam Miller, senior vice president of agribusiness and food banking at M&I Marshall & Ilsley Bank in Appleton, Wis., told audiences at the recent Professional Dairy Producers of Wisconsin’s Dairy Policy Summit. Still, uncertainty about milk and other commodity prices — as well as input price uncertainty — do bear watching.

To that end, Miller encourages producers to invest in risk-management plans to help offset negative consequences of milk-price drops and input-cost increases.

And he suggests that you maintain good business records and accurate financial statements so your lender can work with you.

“Some of our lending metrics have changed because prices have changed so dramatically, but we still need good information and data on which to base our decisions,” he says.