Ed Elfmann, ABA’s senior vice president of agricultural and rural banking, recently joined the AgriTalk podcast to discuss the state of banking for farmers and ranchers. He also discussed ABA’s participation at a House Agriculture Committee hearing on financial conditions in farm country.
Experts address agricultural lending disputes from the past year to provide insight into common pitfalls, practical solutions to resolve disputes and best practices for managing risk in agricultural loans.
The agricultural provisions in the recently enacted budget reconciliation bill will provide a strong backstop for agricultural producers, but a long-term Farm Bill is still needed, Clint Hood, SVP for Synovus Bank in Dublin, Georgia, told House lawmakers.
While the version included in the final legislation is modified from ABA’s original ACRE proposal, there remains significant relief for ag and rural communities. Qualified lenders will be able to exclude from gross income 25% of interest income...
Despite continued challenges from global economic uncertainty and lingering supply chain disruptions, farm banks posted solid financial performance, improved asset quality and increased lending to America’s farmers and ranchers, according to ABA’s annual Farm Bank Performance Report.
Following the enactment of the One Big Beautiful Bill Act, hear from ABA experts on how key ABA-supported provisions on tax policy, rural real estate and health savings accounts in the budget reconciliation law will affect banks.
Included in the bill were several ABA-supported tax provisions related to banks, including a modified version of the ABA-advocated ACRE Act and the permanent extension of the Section 199A pass-through deduction rate of 20%.
