Browsing: Ag Banking
By a bipartisan 86-11, the Senate today passed its version the 2018 farm bill.
So far, the 2018 House and Senate Farm Bills now pending in Congress would have a minor impact on the Farm Credit System, which is good news for bankers.
A coalition of more than 600 agricultural banking and insurance organizations — including ABA — and other ag industry constituents signed onto a letter to members of the Senate urging them to oppose any harmful amendments in the 2018 Farm Bill that would increase the cost of, reduce or limit participation in, or harm private sector delivery of crop insurance.
By a narrow vote of 213 to 211, the House today passed the 2018 farm bill, a crucial step toward ensuring the well-being of the nation’s farmers and ranchers and the 2,000 farm banks that serve them.
Farmer Mac reported $372.1 million in net new business for the first quarter of 2018, bringing its outstanding business volume to $19.4 billion.
In a joint letter with the Independent Community Bankers of America yesterday, ABA wrote to leaders of the House and Senate Agriculture Committees thanking them for their efforts to craft the 2018 Farm Bill.