ABA Supports Bill to Level Playing Field with Farm Credit
The American Bankers Association today wrote to House lawmakers in support of H.R. 1872, the Enhancing Credit Opportunities in Rural America Act.
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ABA-Backed Bill Would Level Playing Field for Banks on Farm Real Estate Loans
Rep. Steve Watkins (R-Kan.) today introduced the Enhancing Credit Opportunities for Rural America Act (H.R. 1872), which would end taxation of interest earned from agricultural real estate loans.
Farm Credit Watch: In Reporting Record Income for 2018, the FCS May Be Underestimating Future Loan Losses
In its recently issued Annual Information Statement for 2018, the FCS reported after-tax profits for 2018 of $5.33 billion and $272 billion of loans outstanding at Dec. 31, 2018, up 5.1 percent from year-end 2017.
ABA Calls for Updates to USDA’s Farm Loan Programs
In a statement for the record before today’s House Agriculture Committee hearing on the rural economy, ABA called on lawmakers to ensure farmers’ ongoing access to adequate credit by updating the U.S. Department of Agriculture’s guaranteed farm loan programs.
Podcast: Challenges and Solutions for Ag Lenders with Heather Malcolm
Heather Malcolm is a central Montana agricultural lender, but when she’s not on the bank, she works on her family’s cattle ranch, which allows her to stay closely in touch with the challenges faced by her loan customers.
Farm Credit Administration Seeks Feedback on YBS Farmer Data Collection, Reporting
The Farm Credit Administration is seeking feedback on its processes for collecting and reporting data on how the Farm Credit System is serving young, beginning and small farmers—one of its statutory requirements.
California Banker Nominated to Farm Credit Administration Board
President Trump yesterday announced that he would nominate Rod Brown to a seat on the three-member board that regulates the Farm Credit System.
Kansas Ag Banker: Expanding FCS Won’t Help Rural America
Responding to a recent American Banker op-ed calling for the expansion of the Farm Credit System, Leonard Wolfe, president and chairman at United Bank and Trust in Marysville, Kan., said that any effort to do so would “fundamentally ignore the reality on the ground in agricultural lending today” and ultimately do little to help rural America.
Farm Credit Watch: Large FCS Association Launches Consumer Lending Brand
On Aug.1, Farm Credit Mid-America (MidAm), the second largest FCS association, announced at a PGA Tour event that it was rebranding its consumer lending division.