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.
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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.
Sen. Moran Stresses Importance of Keeping Rural Banks Competitive
During the ABA Summit, Sen. Moran (R-Kan.) reiterated his support for ECORA and other legislation intended to bolster the competitiveness of rural banks.
Farm Credit Watch: Clarity Is the Order of the Day
Bert Ely examines multiple issues, including government sponsored enterprises spending big money on marketing and branding, the accuracy of bank ranking definitions and levels of Farm Credit System lending.
ABA’s Ag Committee: Helping the Ag Sector Stay Competitive and Prepared
ABA’s Ag Banking newsletter recently spoke David Coggins, ABA’s ag committee chair, to learn a little more about his priorities for the committee and the issues he sees facing U.S. agribusiness of all sizes.
USDA Provides Extra ARP Funds for Local Food Producers
The U.S. Department of Agriculture announced supplemental American Rescue Plan Act funding for the Local Agriculture Market Program.
ABA Highlights Agriculture Issues in March
March is National Agricultural Month, and ABA shining a spotlight on trainings and events for agricultural bankers.
CFPB Releases 2022 Lists of Rural, Underserved Counties
The CFPB today released the lists of rural counties and rural or underserved counties that entities can use in 2022 to determine whether they are exempt from certain regulatory requirements of the Truth in Lending Act.