The changes are intended to modernize how the FCS provides resources to young, beginning and small farmers and ranchers.
Browsing: Ag Banking
Farmers and ranchers forced to sell livestock due to drought may have an extended period in which to replace the livestock and defer tax on any gains from the forced sales.
While the funds the FCS borrows in the capital markets through the Federal Farm Credit Banks Funding Corporation are protected from any loss by the Farm Credit System Insurance Corporation, that insurance protection does not extend to deposits held by FCS institutions.
ABA announced the recipients of its annual Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking.
A bill that would make it easier for farmers and rural families to access real estate credit is a bipartisan solution that will help sustain and grow rural America, ABA said in a letter to Senate leaders.
Sens. Jerry Moran (R-Kan.) and Angus King (I-Maine) today introduced the Access to Credit for our Rural Economy Act in the Senate.
Farm Credit Watch: Lame duck leadership, FCS consolidation, and limiting financing for foreign ownership of U.S. farms
This edition of Farm Credit Watch highlights the potential risks of having lame-duck members of the Farm Credit Administration’s current board, the continued consolidation of the Farm Credit System and recent moves by lawmakers to curtail FCS from financing foreign purchases of U.S. farmland.
New legislation proposals focus on crop insurance for future farmers and veterans, while another is related to manufacturing and agricultural bonds to help domestic manufacturers and family farmers expand their operations.
In a letter, ABA urged House lawmakers to support the Access to Credit for our Rural Economy Act, which the association said would grow rural America by making it easier for farmers, ranchers and rural families to access low-cost credit.