Browsing: ECORA

ABA Banking Journal

Though the goals for passing of the reintroduced Enhancing Credit Opportunities in Rural America Act of 2021, commonly known as ECORA, haven’t changed much over the last few years, this Congress may have a better shot at leveling the playing field between farm banks and Farm Credit System lenders, ultimately giving struggling farmers and ranchers greater access to affordable credit options. ABA SVP Ed Elfmann details the importance of ECORA’s passage.

Ag Banking

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.