ABA supports the proposed changes’ goals, but said without refinement they would have unintended consequences, particularly in rural areas.
Browsing: Rural banking
Reporting component of the SEC proposal would place “undue burden” on farmers who provide raw products to the value chain, opponents say.
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.
Forty-nine percent ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year.
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.
Keith Phillips with First Bank & Trust Company received the Bruning Award and attorney Steven Turner received the Blanchfield Award.
FCS institutions have not done nearly enough in recent years to support and encourage YBS farmers and ranchers, despite a statutory mandate to do so,
The $750 billion legislation includes $40 billion for agriculture and rural programs, much of it in climate, sustainability and rural energy.
Awardees may use WMBP funding to support mitigation bank site identification, development of a mitigation banking instrument, site restoration, land surveys, permitting and title searches, and market research.
Is history about to repeat itself? In rural America it just might as the Federal Reserve moves too aggressively to push up interest rates to deflate the inflation that has erupted in recent months.