USDA Provides Extra ARP Funds for Local Food Producers
The U.S. Department of Agriculture announced supplemental American Rescue Plan Act funding for the Local Agriculture Market Program.
Browsing: 2018 Farm Bill
Ag Secretary Discusses Farming and Rural Economy During House Hearing
Department of Agriculture Sec. Tom Vilsack testified before the House Agriculture Committee on the state of the rural economy and the upcoming reauthorization of the farm bill.
What Compliance Needs to Know About Hemp
While the 2018 Farm Bill authorized production and processing of hemp plants with less than 0.3% THC content, bankers need to carefully review USDA’s rules for production and licensing. Meanwhile, legal production of hemp derivatives will depend on guidance from the FDA.
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services to hemp growers and hemp-related businesses.
Kansas Banker Urges Support for ABA-Backed Ag Bill
Kansas banker Shan Hanes testified before a House Agriculture Subcommitee today, offering the association’s perspective on agricultural credit issues in rural America.
Banking Agencies Issue ABA-Urged Guidance on Hemp Banking
The federal banking agencies and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, today issued guidance long sought by ABA on banks’ Bank Secrecy Act obligations related to hemp producers.
ABA Seeks Greater Regulatory Clarity About Hemp
While the 2018 Farm Bill reclassified hemp as a legal agricultural commodity, banks still face challenges in serving hemp producers and hemp-related businesses, the American Bankers Association said today in a statement submitted for the record of a Senate Agriculture Committee hearing.
ABA Seeks Greater Clarity on Banks’ Ability to Serve Industrial Hemp Businesses
In a letter to the heads of the financial regulatory agencies on Friday, the American Bankers Association called for greater clarification on how banks may serve businesses dealing with hemp.
What Bankers Need to Know about the New Farm Bill
The 2018 Farm Bill offers bankers many new ways, not all of them intuitive, to help their customers.
ABA Calls for Updates to USDA’s Farm Loan Programs
In a statement for the record before today’s House Agriculture Committee hearing on the rural economy, ABA called on lawmakers to ensure farmers’ ongoing access to adequate credit by updating the U.S. Department of Agriculture’s guaranteed farm loan programs.