Farm banking | Page 7 of 23 | ABA Banking Journal

May 21, 2020

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.

Ag Banking

May 1, 2020

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 Banking Journal

April 24, 2020

A Tale of Two Countries: The Rapid Urbanization of America

Prior to COVID-19, rural and urban America’s economic paths were diverging. Where they will go next remains to be seen.

Commercial Lending

April 2, 2020

House Lawmakers: Ag Businesses Should Qualify for Emergency Grants

In a letter to U.S. Small Business Administration Administrator Jovita Carranza yesterday, a group of House lawmakers urged SBA to ensure that farmers and agricultural businesses will be able to take advantage of the emergency economic injury grant program created by the new CARES Act coronavirus relief law.

Ag Banking

March 22, 2020

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.

Ag Banking

March 9, 2020

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 and Risk

March 5, 2020

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.

Newsbytes

March 2, 2020

USDA to Delay Certain Requirements for Industrial Hemp Producers

The Department of Agriculture announced last week that it will delay the enforcement of certain requirements of a December 2019 interim final rule for industrial hemp producers.

Ag Banking

February 25, 2020

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.

Ag Banking

February 18, 2020

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.

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