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.
Browsing: Farm Credit System
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.
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.
President Trump yesterday announced that he would nominate Rod Brown to a seat on the three-member board that regulates the Farm Credit System.
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.
Reform Farm Credit — a website created as part of ABA’s effort to reach influential groups involved in agricultural policy — has shared new data regarding the Farm Credit System’s 2017 lending to young, beginning and small farmers. According to the data, from 2016 to 2017 the number of new loans to young, beginning, and
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.
By Bert Ely In the June 2015 Farm Credit Watch, I reported that Frontier Communications Corp. had entered into a $350 million “credit agreement” with CoBank to partially finance Frontier’s $2 billion acquisition of AT&T’s wireline business in Connecticut. Frontier is an investor-owned, Nasdaq-listed telecommunications company with $24.7 billion of assets at March 31, 2018;
So far, the 2018 House and Senate Farm Bills now pending in Congress would have a minor impact on the Farm Credit System, which is good news for bankers.
espite the Farm Credit System’s supposed emphasis on lending to young, beginning and small farmers and ranchers, data in the FCS’s annual information statement for 2017 documents the declining importance of small borrowers to the FCS over the last several years. Although total FCS lending from year-end 2015 to year-end 2017 increased $22.9 billion, or