ECORA Tax Relief Also Benefits Farms, Single-Family Rural Residences
Recent legislation introduced in both houses of Congress―the Enhancing Credit Opportunities in Rural America Act―would…
Browsing: Ag Banking
ABA Report: Farm Banks Increased Capital Ahead of Pandemic
Prior to the outbreak of the coronavirus in the U.S., the nation’s farm banks were well-capitalized, with many raising equity capital—a more conservative type of capital, according to ABA’s annual Farm Bank Performance Report released today.
Podcast: Supporting Small Business Cashflows in the COVID Recovery
Memorial Day signified the beginning of summer in many parts of the country, and the slow but steady reopening of business activity in the wake of the coronavirus pandemic. Iowa Superintendent of Banking Jeff Plagge offers ideas for long-term solutions to get struggling businesses back on their feet after the lockdown.
USDA to Guarantee $1 Billion in Loans for Rural Businesses, Ag Producers
With many rural businesses and agricultural producers facing financial challenges as a result of COVID-19, the Department of Agriculture today announced that it will make available up to $1 billion in loan guarantees for these entities through Farm Service Agency loan programs and through the USDA Business and Industry CARES Act Program, a new program that provides working capital loans to help rural businesses prevent, prepare for or respond to the effects of the pandemic.
ABA, State Associations to Congress: Include ECORA Act in Next Relief Package
As Congress contemplates additional coronavirus relief legislation, the American Bankers Association and the 51 state bankers associations today wrote to congressional leaders urging them to include the Enhancing Credit Opportunities in Rural America Act of 2019 in the so-called “Phase IV” legislative package
ABA Emphasizes Promoting Loan Growth, Protecting Borrowers in Coronavirus Relief Bill
As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade associations—including the American Bankers Association—called for enhancements to SBA and USDA loan programs.
ABA Writes Lawmakers in Support of ECORA Act
In letters to House and Senate lawmakers today, ABA urged lawmakers to support the Enhancing Credit Opportunities in Rural America Act, a bill that would end taxation of interest earned from agricultural real estate loans.
Compliance Q&A: What Can I Do About a Lack of Appraisers in a Rural Area?
…and other answers to your compliance questions in the March/April 2020 ABA Regulatory Policy and Compliance Inbox.
Sens. Thune, Baldwin Urge Greater Regulatory Flexibility for Ag Lenders
In a letter to the federal banking agencies today, Sens. John Thune (R-S.D.) and Tammy Baldwin (D-Wis.) made a bipartisan appeal for greater regulatory flexibility that would allow community financial institutions to work with farmers and ranchers during a challenging time in the agricultural economy.
Sen. Moran Urges Support for Ag Banking Legislation
In a recent column in the Kansas Banker magazine, Sen. Jerry Moran (R-Kan.) urged support for an ABA-advocated bill that would end taxation of interest earned from agricultural real estate loans.