For the 14th consecutive year, Wells Fargo & Company (NYSE: WFC) is the nation’s top agricultural business lender in total dollar volume, according to 2009 data from the Federal Deposit Insurance Company (FDIC). Combining totals for Wells Fargo and Wachovia, the company extended its leadership by extending approximately $9.4 billion in agricultural loans last year.
“Despite the recession, Wells Fargo increased its agricultural lending by 12 percent between 2008 and 2009,” said Michael Swanson, chief agriculture economist for Wells Fargo.
He went on to say, “This increase not only reflects our continued commitment to helping agricultural businesses but is an indication of what was happening across the industry. While grain and forage producers increased their profits, livestock producers experienced record losses which resulted in unprecedented borrowing. As lenders, we had to help balance the needs and understand stresses across the entire agricultural supply.”
CONCENTRATION — Cowgirl senior Sami Fagan, playing shortstop, gets set to field a grounder in a recent game. The only senior on the team, she played in her final home game on Tuesday against Simms. Photo courtesy of Brian Robinson
The weather finally cooperated and the softball team was able to get on to the ball field at the Cut Bank Invitational on Saturday.
The team gained a split in their contests, dropping a tough loss to the host squad 4-3 and then coming back to stop the Sunburst Refiners 11-1.
Conrad came back from being down 0-2, helping Cut Bank to the early lead with four errors in the first inning, to take a 3-2 lead in the third inning, only to have the Lady Wolves score a single run in the fifth and put away the contest with a walk-off safety in the bottom of the seventh.
WIND BLOWN — Last week the Old Man Winter storm blow so hard that this old grain elevator just across the railroad tracks began to list a little at first, and then go a little more to the right, even though the top section remained upright and straight. It caused a lot of folks to drive by and take a look. It was almost like Conrad had their own “Leaning Tower of Pisa.” The middle section was straightened out and everything ‘looked’ normal. Then the winds came back on Monday with a vengeance and about 1 p.m., the top two sections with a loud crash, took a tumble. One of Conrad’s “skyscrapers” became a casualty of the wind. I-O Photos by Buck Traxler and Barb Endler
By Buck Traxler, I-O Editor
On a 3-0 vote of the council Monday evening the city moved to invest up to $52,000 in a street patching machine.
The Tri-City Interlocal has already called for bids, it being cheaper to get three units at once instead of one. The unit will be funded with 25 percent from Public Works Director Rich Anderson’s water fund and 75 percent from the street general fund.
The machine can mix the oil and chips while a street is being patched and will be operated by two men instead of the three or four needed now when patching is done out of the back of a truck.