USDA highlights programs helping distressed farm borrowers, outlines 2023 goals
In 2022, the USDA’s Farm Service Agency FSA provided nearly $800 million in assistance to distressed borrowers.
Browsing: Ag Banking
ABA outlines banker priorities for 2023 Farm Bill
Bankers’ priorities for this year’s Farm Bill reauthorization include increasing the loan limits for Farm Service Agency guaranteed loan programs and increasing funding levels in rural development loan programs, the American Bankers Association said this week in comments to policymakers.
Democrats on Ag Committee reintroduce Family Farmer and Rancher Tax Fairness Act
The legislation would remove the tax liability for distressed farmers on the assistance provided under Sections 22006 and 22007 of the Inflation Reduction Act.
House Republicans Named to Agriculture Committee
David Scott (D-Ga.) was elected by the House Democratic Caucus to serve as ranking member of the committee.
Agricultural leadership programs plant the seeds for banking leadership
Ag leadership development programs provide training and skillsets that translate well into talents needed by successful bankers.
USDA unveils investments targeting farmers and ranchers
Investments include improved risk protection for underserved producers, livestock processing capacity, and disaster and pandemic relief.
Proposed bill would exempt farmers and ranchers from SEC climate change reporting rules
Reporting component of the SEC proposal would place “undue burden” on farmers who provide raw products to the value chain, opponents say.
ABA board chair, CEO update ag bankers on critical advocacy issues
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.
ABA survey: Ag lenders cite interest rate volatility as top concern
Forty-nine percent ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year.
USDA provides nearly $800 million in loan relief, more aid to come
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.