One of USDA’s goals is to develop a workforce in which 25% of all employees are veterans.
Browsing: Ag Banking
Chairman Glenn Thompson said, however, that an extension will still be necessary until the Senate and others finish their work on Farm Bill.
Working with state banking associations is just part of the teamwork it takes for effective issue advocacy, Nichols said. Bankers’ voices need to be heard, too.
Liquidity has become the primary concern among agricultural lenders for their producer customers, followed closely by farm income levels, according to the 2023 Agricultural Lender Survey by ABA and Farmer Mac.
Any extension of the farm bill would most likely need to go in the next government funding stopgap measure.
As ag and rural banks enter 2024, a host of legislative issues currently being debated stand ready to affect the course of their clients’ business for the foreseeable future.
The ABA-backed ACRE legislation would make it easier for farmers, ranchers and rural families to access affordable real estate credit.
The timing and consequences of the farm bill expiring vary by program across the breadth of the act, according to the Congressional Research Service.
The agency issued more than $1.77 billion this year to agricultural producers and landowners through its Conservation Reserve Program.
In 2022, USDA announced the expansion of insurance coverage for double cropping, which allows farmers to plant a second crop on the same land in the same year, helping to boost production without relying on farmers to substitute crops or cultivate new land.