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.
Browsing: Ag Banking
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.
Bowman: Ag Banks Remain Healthy Amid Economic Challenges
Despite some economic challenges facing the agriculture industry—including low farm incomes and falling commodity prices—the nation’s 1,4000 ag banks remain in “sound financial condition,” Federal Reserve Governor Michelle Bowman said in remarks to bankers during an industry event in New Mexico today.
ABA-Backed Bill Would Level Playing Field for Banks on Farm Real Estate Loans
Rep. Steve Watkins (R-Kan.) today introduced the Enhancing Credit Opportunities for Rural America Act (H.R. 1872), which would end taxation of interest earned from agricultural real estate loans.
Farm Credit Watch: In Reporting Record Income for 2018, the FCS May Be Underestimating Future Loan Losses
In its recently issued Annual Information Statement for 2018, the FCS reported after-tax profits for 2018 of $5.33 billion and $272 billion of loans outstanding at Dec. 31, 2018, up 5.1 percent from year-end 2017.
Podcast: Challenges and Solutions for Ag Lenders with Heather Malcolm
Heather Malcolm is a central Montana agricultural lender, but when she’s not on the bank, she works on her family’s cattle ranch, which allows her to stay closely in touch with the challenges faced by her loan customers.
Farm Credit Administration Seeks Feedback on YBS Farmer Data Collection, Reporting
The Farm Credit Administration is seeking feedback on its processes for collecting and reporting data on how the Farm Credit System is serving young, beginning and small farmers—one of its statutory requirements.
CFPB Releases 2019 Lists of Rural, Underserved Counties
The Consumer Financial Protection Bureau today released the lists of rural counties and rural or underserved counties that entities can use in 2019 to determine whether they are exempt from certain regulatory requirements.