Congress renews the farm bill every five years. The legislation supports farmers, staple crops, nutrition programs, agriculture, as well as rural loans and rural development and infrastructure efforts.
Stabenow said she is “very concerned that the demands being made by many in the new House majority for mandatory budget cuts will result in cuts to all farm bill programs.”
Bankers’ priorities for this year’s Farm Bill reauthorization include increasing the loan limits for Farm Service Agency guaranteed loan programs and increasing funding levels in rural development loan programs, the American Bankers Association said this week in comments to policymakers.
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.