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.
Browsing: Farm Credit System
The American Bankers Association today expressed support for the Enhancing Credit Opportunities in Rural America Act, which would end taxation of interest earned from agricultural real estate loans.
Kansas Gov. Laura Kelly yesterday signed into law a bill that will help ensure greater parity at the state level
between banks and the government-sponsored Farm Credit System.
For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.
By Bert Ely As bankers and other FCW readers know all too well, American agriculture…
ABA told the Farm Credit Administration today that proposed changes to regulatory capital rules could potentially destabilize financial markets and increase risks to the safety and soundness of Farm Credit System institutions.
By Bert Ely The FCA is administered by a three-member board of directors; the chairman…
By Bert Ely On Aug. 3, Fitch, one of the three major debt rating agencies,…
The FCS’s issuance of short-term securities, called discount notes, nearly doubled during the first quarter, rising by $17 billion between the end of 2019 and March 31, 2020. That increase accounted for 80 percent of the FCS’s first quarter rise in total system-wide debt outstanding.
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.