Browsing: Ag Banking

ABA Banking Journal

Rep. David Scott (D-Ga.) will serve as chairman of the House Agricultural Committee for the 117th Congress, with Rep. Glenn “GT” Thompson (R-Pa.) serving as ranking member. Sen. Debbie Stabenow (D-Mich.) will chair the Senate Agricultural Committee, with Sen. John Boozman (R-Ark.) serving as ranking member.

Ag Banking

For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.

Ag Banking

Amid ongoing stresses in the ag sector and economic dislocation from the COVID-19 pandemic, lenders reported that just under 51% of their agricultural borrowers were profitable in 2020, a decline of six percentage points from the prior year, according to the latest agricultural lenders survey conducted by the American Bankers Association and Farmer Mac.

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