The House Agriculture Committee is scheduled to hold a hearing on the Farm Credit Administration (FCA). The proposed hearing date is Wednesday, Dec. 2. The purpose of the hearing will be to examine the performance of the FCA as the FCS’s regulator.
In a joint letter today, ABA and several farming industry groups urged the Senate to repeal a provision in the recent budget bill that would hinder the private-sector delivery of crop insurance.
ABA member Roger Porch, VP at First National Bank in Philip, S.D., testified before the Senate Banking Committee yesterday on challenges facing rural banks.
The Senate is scheduled to vote this week on the Cybersecurity Information Sharing Act (S.754), an ABA-supported bill that would strengthen the ability of the public and private sectors to share critical cyber threat information without compromising customer privacy.
ABA today announced that John Blanchfield, who was SVP for agricultural and rural banking at ABA for 25 years before retiring in January, will be honored with the first annual Blanchfield Award.
These increases are powerful evidence of the FCS’s increased emphasis on providing taxpayer-subsidized credit to large corporate borrowers.
Terry Barta, vice president for ag lending at the Peoples Bank in Smith Center, Kan., has been named the winner of the 2015 Bruning Award for lifetime achievement in agricultural banking, ABA announced today. Barta will receive the award at the ABA National Agricultural Bankers Conference in Kansas City, Mo., on Oct. 27.
To help address the pending shortage of rural property appraisers — and the implications for agricultural and commercial credit in rural communities — ABA’s Center for Agricultural and Rural Banking and ABA’s Commercial Real Estate Committee convened a meeting yesterday of key stakeholders from the banking industry, federal government, appraisal industry and others.
Mismanagement results in nearly $50 million in losses for a troubled FCS lender.
An article yesterday in SNL Financial shone a spotlight on the Farm Credit System’s “dangerous and abused advantages” and the efforts of recently hired ABA SVP Steve Apodaca to highlight them publicly.