ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Ag Banking

Local Farms and Food Act introduced in both houses

April 24, 2023
Reading Time: 1 min read
Long-awaited ACRE Act boosts banks’ ag lending competitiveness

Reps. Pingree (D-Maine), Newhouse (R-Washington.), Caraveo (D-Colorado), Tokuda (D-Hawaii) and Sens. Brown (D-Ohio), Smith (D-Minnesota), Welch (D-Vermont), and Fetterman (D-Pennsylvania) introduced the Local Farms and Food Act in the House and the Senate.

The bill offers reforms to the Local Agriculture Market Program, Gus Schumacher Nutrition Incentive Program and the Senior Farmers Market Nutrition Program. The legislation would increase access to each program to “catalyze investments in underserved areas and among small producers,” sponsors said, noting that the investments would “strengthen local and regional food system infrastructure and promote local economic development in both rural and urban communities.”

Despite 2018 Farm Bill investments that helped during the pandemic and other recent supply chain disruptions, many producers are still left out of the system, the bill’s sponsors said. “Appropriately sized processing, aggregation, and distribution infrastructure is still inadequate. A lack of technical assistance for producers and entrepreneurs on a range of issues from food safety to business planning continues to make it difficult for many farmers and producers to update their businesses to meet current needs,” according to the lawmakers. “Program reforms offered through the Local Farms and Food Act seek to generate investments in these underfunded areas to expand program impact.”

Tags: Farm bankingRural banking
ShareTweetPin

Related Posts

ABA outlines banker priorities for 2023 Farm Bill

Senate Ag Committee reaches an impasse on Farm Bill

Ag Banking
August 6, 2026

The Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program.

Prologue and Predictions: 2021’s Ag Policy Shifts and a Look at the Coming Year

ABA: Senate Farm Bill draft mostly a good deal for ag banks

Ag Banking
July 30, 2026

From the perspective of the American Bankers Association’s agriculture and rural policy team, the Senate Farm Bill currently set for markup is an improvement for agriculture banks.

Report: Despite headwinds, farmland investments stable long term

Report: Despite headwinds, farmland investments stable long term

Ag Banking
May 27, 2026

Farmland investments will, over the long term, continue to offer a "credible and actionable pathway" for investors, according to a recent report from Bank of America. In an ever-changing economic landscape, farmland remains a "resilient and reliable investment...

Farm Credit returns excess insurance funds to system banks

Fed ag lender survey predicts bleak farm income, spending picture

Ag Banking
May 26, 2026

Lenders reported that interest rates for most farm loans increased slightly, while demand for credit increased. Loan renewals and extensions also increased, while rates of loan repayment declined.

ABA report: U.S. farm banks show growth and stability in 2024

Farm banks continue deep rural roots, strong role in ag financing

Ag Banking
May 5, 2026

Farm banks accounted for more than one-third of all farm lending nationwide while maintaining solid capital, profitability and employment levels in 2025, according to ABA's 2025 Farm Bank Performance Report. Farm banks added 2,037 jobs in 2025 and...

State bankers associations urge Congress to help struggling farmers

House passes Farm Bill

Ag Banking
April 30, 2026

The House voted 224-200 in favor of its version of the Farm Bill, sending the legislation to the Senate.

NEWSBYTES

Carr staffer nominated for FCC commissioner

August 8, 2026

Senate adjourns with no vote on Clarity Act

August 8, 2026

FinCEN renews Minnesota geographic targeting order

August 7, 2026

SPONSORED CONTENT

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.