Ag Secretary Discusses Farming and Rural Economy During House Hearing
Department of Agriculture Sec. Tom Vilsack testified before the House Agriculture Committee on the state of the rural economy and the upcoming reauthorization of the farm bill.
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Podcast: The Community Bank Digital Transformation Roadmap for 2022
What’s on the community bank roadmap for digital process improvement in 2022? On the latest episode of the ABA Banking Journal Podcast, Chris Bailey lifts the curtain on his bank’s investments in digital signature management, conversational capabilities and client business optimization.
ABA Foundation Raises Nearly $40,000 in Support of Kentucky Tornado Relief Efforts
The ABA Foundation—in partnership with the Kentucky Bankers Association—has raised nearly $40,000 to support relief efforts in the wake of recent devastating tornadoes in Kentucky through its Disaster Relief Program. ABA also announced that it will make a $50,000 donation to the fund.
Agencies Release 2020 CRA Data on Small Biz, Community Development Lending
The federal banking agencies today released 2020 Community Reinvestment Act data on small business, small farm and community development lending.
Kentucky Tornadoes: Ag Banks Provide More Than Financial Resources
On Dec. 10-11, 2021, a violent line of tornadoes moved across several states, including Kentucky,…
Prologue and Predictions: 2021’s Ag Policy Shifts and a Look at the Coming Year
Changes at the U.S. Department of Agriculture and congressional leadership made 2021 an exciting year in policy development, and the coming year promises even more change.
Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey.
USDA Makes Funds Available to Bolster Food Supply Chain
The U.S. Department of Agriculture is deploying $100 million under the new Food Supply Chain Guaranteed Loan Program to make nearly $1 billion in loan guarantees.
ABA Data Bank: Ag Loan Delinquencies Decreased in 2021
Credit quality for both loans secured by farmland and agricultural production loans improved in 2021, ag lenders reported in the joint ABA-Farmer Mac Agricultural Lenders Survey. In the next 12 months, lenders expect credit quality will either moderately improve or stay the same.
ABA Survey: Ag Borrower Profitability Increased in 2021
A majority of ag lenders—69.7%—reported that overall farm profitability increased in the prior year, due in large part to government support, which is estimated to account for 38% of ag borrowers’ net income, according to the 2021 Agricultural Lenders Survey conducted by ABA and Farmer Mac.