Nov. 19, 2012
/PRNewswire/ -- BMO Harris Bank says there are plenty of reasons to smile when you look at your
meal this Thursday.
While many farmers faced brutal conditions that adversely affected crop production, with the beef herd taking the brunt of the drought effects, there was still positive news for many farmers.
"Not all the news is bad," said
, Managing Director and Group Head, Agriculture, BMO Harris Bank. "Milk prices have improved, soybean yields were above expectations, and the wheat harvest was largely complete prior to the major impact of the drought."
Meanwhile, for consumers, there's even more reason to smile this
, as the average price of a
meal has actually decreased this year by 2.6% in
(based on a survey conducted by the Wisconsin Farm Bureau, which surveyed the prices of traditional
food items such as turkey, cranberries and pumpkin pie).
"Overall, however, it was a challenging year for farmers, and my colleagues and I want to recognize their hard work and resilience," added Miller. "BMO Harris Bank initiated a
Drought Relief program
earlier in the year, and to those customers of ours that are still feeling the pain of the record drought this past year, I encourage you to talk to one of our Ag bankers about ways we can help."
About BMO Harris Bank
, BMO Harris Bank N.A. provides a broad range of personal banking products and solutions through over 600 branches and approximately 1,300 ATMs in
. BMO Harris Bank's commercial banking team provides a combination of sector expertise, local knowledge and mid-market focus throughout the U.S. Deposit and loan products and services provided by BMO Harris Bank N.A. Member FDIC. BMO Harris Bank(SM) is a trade name used by BMO Harris Bank N.A. BMO Harris Bank is part of BMO Financial Group, a North American financial organization with 1,600 branches, and a retail deposit base of approximately
SOURCE BMO Harris Bank