ABA Data Bank: Farm Bank Loan Performance Remains Consistently Strong
Read more from ABA’s Hugo Dante.
Browsing: Ag Banking
Farm Banks Remain Strong Despite Recent Loan Weakness
Farm banks remain in a strong position despite a recent uptick in farm loan delinquencies.
ABA Supports Senate Bill to Lower Loan Costs for Farmers, Ranchers
The American Bankers Association wrote to Sen. Pat Roberts (R-Kan.) today expressing support for his bill, S. 1641, which would amend the Internal Revenue Code to exclude from gross income interest received on certain loans secured by agricultural real property.
Northwest FCS Lends Outside Its Territory
A recent Farm Credit System loan for $2 million to finance a new Exxon gas station and convenience store in Sheridan, Wy., is almost certainly another example of an FCS lending abuse. This gas station is located at an Interstate highway interchange in a city with a population of about 18,000. While some farmers and ranchers may patronize the gas station and store, they are more likely gas up at a nearby farm co-op store.
What Bankers Need to Know about the New Farm Bill
The 2018 Farm Bill offers bankers many new ways, not all of them intuitive, to help their customers.
FCA Chairman and CEO Dallas Tonsager Dies at 64
Dallas Tonsager, chairman and CEO of the Farm Credit Administration died of lymphoma on May 21; he was 64. Tonsager was appointed to the FCA board by President Barack Obama on March 13, 2015, and designated by President Obama as chairman and CEO on November 22, 2016. Tonsager grew up on a dairy farm near Oldham, S.D., and later graduated from South Dakota State University with a Bachelor of Science degree in agriculture. Apart from serving on the FCA board, Tonsager’s public service included serving as the USDA’s undersecretary for rural development, a director of the Commodity Credit Corporation and USDA’s state director for rural development in South Dakota.
ABA Urges Farm Credit Agency to Make Changes to YBS Data Reporting Practices
In a comment letter to the Farm Credit Administration today, the American Bankers Association called on the agency to make changes to how it reports data on young, beginning ad small farmers.
ABA Supports Bill to Level Playing Field with Farm Credit
The American Bankers Association today wrote to House lawmakers in support of H.R. 1872, the Enhancing Credit Opportunities in Rural America Act.
ABA Report: Ag Lending Growth Tops 5 Percent in 2018
The nation’s farm banks increased agricultural lending by 5.3%, or $5.5 billion, to $108 billion in 2018, according to the American Bankers Association’s annual Farm Bank Performance Report released today.
Podcast: A Small-Town Bank That Serves Small-Town Banks
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks.