ABA: Proposed CDFI certification application updates could have unintended consequences
ABA supports the proposed changes’ goals, but said without refinement they would have unintended consequences, particularly in rural areas.
Browsing: Rural banking
Proposed bill would exempt farmers and ranchers from SEC climate change reporting rules
Reporting component of the SEC proposal would place “undue burden” on farmers who provide raw products to the value chain, opponents say.
ABA board chair, CEO update ag bankers on critical advocacy issues
ABA leadership discussed some of the association’s primary advocacy efforts affecting ag lenders and the farmers and ranchers they serve.
ABA survey: Ag lenders cite interest rate volatility as top concern
Forty-nine percent ranked interest rate volatility among their top two concerns, up 35.5 percentage points from last year.
USDA provides nearly $800 million in loan relief, more aid to come
The relief effort is part of the $3.1 billion allocated by the Inflation Reduction Act for distressed borrowers of USDA loans.
ABA names recipients of its agricultural banking awards
Keith Phillips with First Bank & Trust Company received the Bruning Award and attorney Steven Turner received the Blanchfield Award.
ABA supports FCA’s efforts to improve services for YBS farmers, ranchers
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,
Inflation Reduction Act includes billions for ag and rural programs
The $750 billion legislation includes $40 billion for agriculture and rural programs, much of it in climate, sustainability and rural energy.
USDA invests $5 million in Wetland Mitigation Banking Program
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.
Farm Credit Watch: Has rural America been set up for another farmland bust?
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.