In a comment letter to the Farm Credit Administration today, the American Bankers Association called on the agency to make changes to how it reports data on young, beginning ad small farmers.
Browsing: Rural banking
The American Bankers Association today wrote to House lawmakers in support of H.R. 1872, the Enhancing Credit Opportunities in Rural America Act.
The nation’s farm banks increased agricultural lending by 5.3%, or $5.5 billion, to $108 billion in 2018, according to the American Bankers Association’s annual Farm Bank Performance Report released today.
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks.
Despite some economic challenges facing the agriculture industry—including low farm incomes and falling commodity prices—the nation’s 1,4000 ag banks remain in “sound financial condition,” Federal Reserve Governor Michelle Bowman said in remarks to bankers during an industry event in New Mexico today.
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.
How a new tax incentive could drive commercial lending in rural communities.
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.
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.