ABA board chair, CEO update ag bankers on critical advocacy issues
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.
Browsing: Farm banking
ABA survey: Ag lenders cite interest rate volatility as top concern
Forty-nine percent ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year.
USDA provides nearly $800 million in loan relief, more aid to come
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.
ABA supports FCA’s efforts to improve services for YBS farmers, ranchers
FCS institutions have not done nearly enough in recent years to support and encourage YBS farmers and ranchers, despite a statutory mandate to do so,
Inflation Reduction Act includes billions for ag and rural programs
The $750 billion legislation includes $40 billion for agriculture and rural programs, much of it in climate, sustainability and rural energy.
USDA invests $5 million in Wetland Mitigation Banking Program
Awardees may use WMBP funding to support mitigation bank site identification, development of a mitigation banking instrument, site restoration, land surveys, permitting and title searches, and market research.
Farm Credit Watch: Has rural America been set up for another farmland bust?
Is history about to repeat itself? In rural America it just might as the Federal Reserve moves too aggressively to push up interest rates to deflate the inflation that has erupted in recent months.
ABA Data Bank: US farmers expect to plant more soybeans than corn in 2022
According to a Department of Agriculture survey, farmers anticipate planting a record high 91 million acres of soybeans in 2022, up 4% from last year. Intentions to plant corn, which requires more fertilizer to harvest, fell in 2022 amid surging costs.
Sen. Moran Stresses Importance of Keeping Rural Banks Competitive
During the ABA Summit, Sen. Moran (R-Kan.) reiterated his support for ECORA and other legislation intended to bolster the competitiveness of rural banks.
Farm Credit Watch: Clarity Is the Order of the Day
Bert Ely examines multiple issues, including government sponsored enterprises spending big money on marketing and branding, the accuracy of bank ranking definitions and levels of Farm Credit System lending.