Iowa Congressional Candidates Speak Out About FCS
Several Iowa congressional candidates expressed concerns about the FCS at a candidates’ forum, as reported by several Iowa media outlets.
Several Iowa congressional candidates expressed concerns about the FCS at a candidates’ forum, as reported by several Iowa media outlets.
The U.S. Department of Agriculture’s Rural Housing Service will cut fees for lenders who use its Single-Family Housing Loan Guarantee Program, according to news reports.
America’s agricultural bankers stand ready to help farmers and ranchers as concerns rise about low commodity prices and available liquidity, Iowa banker Michael Hein wrote in an op-ed in Agri-Pulse today.
The federal banking agencies today issued aggregate data on 2015 small-business, small-farm and community development loans that institutions reported under the Community Reinvestment Act. The data, which commercial banks and savings institutions with about $1.2 billion or more in assets are required to report and others can report voluntarily, show that such institutions made about
By Bert Ely A recent article in the Economic Review published by the Federal Reserve Bank of Kansas City inadvertently showed how the FCS’s very favorable tax treatment has distorted agricultural lending competition between banks and the FCS. The article, titled “Competition in Local Agricultural Lending Market: The Effect of the Farm Credit System,” included
By Bert Ely As FCW reported last month, Kansas banker Leonard Wolfe testified on ABA’s behalf at the May 19 oversight hearing the Senate Agriculture Committee held on the FCS and its regulator, the Farm Credit Administration. After he testified, Leonard wrote an opinion article for Agri-Pulse, titled: “It’s time to reform the Farm Credit
The state bankers associations wrote to federal regulators and the Appraisal Qualifications Board today urging action to address a critical shortage of qualified appraisers in rural areas by reforming the criteria necessary to become qualified.
ABA President and CEO Rob Nichols today wrote to Senate Agriculture Committee leadership urging lawmakers to hold annual oversight hearings of the Farm Credit Administration — the primary federal regulator of the government-sponsored Farm Credit System.
In testimony before a House Small Business Committee panel today, banking industry leaders offered examples of the harmful effects of excessive regulation on America’s hometown banks, including those serving rural communities.
In an op-ed in Agri-Pulse today, Leonard Wolfe — president and CEO of United Bank and Trust in Marysville, Kan., and chairman of ABA’s Agricultural Credit Task Force — called on Congress and regulators to step up efforts to oversee the Farm Credit System to ensure that the government sponsored enterprise stays within the scope of its intended mission.