ABA names recipients of its agricultural banking awards
Keith Phillips with First Bank & Trust Company received the Bruning Award and attorney Steven Turner received the Blanchfield Award.
Browsing: Ag Banking
Fed Gov. Bowman: ‘Imperative’ to modernize evaluation of bank competition
Federal Reserve Gov. Michelle Bowman discussed the “new and evolving competitive landscape” for U.S. banking services, with particular emphasis on community banks.
ABA supports FCA’s efforts to improve services for YBS farmers, ranchers
FCS institutions have not done nearly enough in recent years to support and encourage YBS farmers and ranchers, despite a statutory mandate to do so,
Inflation Reduction Act includes billions for ag and rural programs
The $750 billion legislation includes $40 billion for agriculture and rural programs, much of it in climate, sustainability and rural energy.
USDA invests $5 million in Wetland Mitigation Banking Program
Awardees may use WMBP funding to support mitigation bank site identification, development of a mitigation banking instrument, site restoration, land surveys, permitting and title searches, and market research.
Farm Credit Watch: Has rural America been set up for another farmland bust?
Is history about to repeat itself? In rural America it just might as the Federal Reserve moves too aggressively to push up interest rates to deflate the inflation that has erupted in recent months.
ABA Data Bank: America’s banks support rural communities
U.S. banks extended $179 billion in farm loans in 2021, of which $99.6 billion came from farm banks that specialize in the ag space.
ABA report: Farm banks’ ag lending ticks up in 2021
The annual report examines the performance of the 1,553 U.S. banks specializing in agricultural lending
CFPB report highlights reliance on community banks in rural areas
In a data snapshot, the CFPB highlighted some of the unique challenges facing rural Americans, including an increased reliance on physical bank branches, given the limited access to high-speed internet and online banking options in many of these communities.
ABA Data Bank: US farmers expect to plant more soybeans than corn in 2022
According to a Department of Agriculture survey, farmers anticipate planting a record high 91 million acres of soybeans in 2022, up 4% from last year. Intentions to plant corn, which requires more fertilizer to harvest, fell in 2022 amid surging costs.