In a letter to U.S. Small Business Administration Administrator Jovita Carranza yesterday, a group of House lawmakers urged SBA to ensure that farmers and agricultural businesses will be able to take advantage of the emergency economic injury grant program created by the new CARES Act coronavirus relief law.
Browsing: Rural banking
As negotiations continued on Capitol Hill this weekend over the latest coronavirus aid package, a group of financial services trade associations—including the American Bankers Association—called for enhancements to SBA and USDA loan programs.
In letters to House and Senate lawmakers today, ABA urged lawmakers to support the Enhancing Credit Opportunities in Rural America Act, a bill that would end taxation of interest earned from agricultural real estate loans.
…and other answers to your compliance questions in the March/April 2020 ABA Regulatory Policy and Compliance Inbox.
The Department of Agriculture announced last week that it will delay the enforcement of certain requirements of a December 2019 interim final rule for industrial hemp producers.
In a letter to the federal banking agencies today, Sens. John Thune (R-S.D.) and Tammy Baldwin (D-Wis.) made a bipartisan appeal for greater regulatory flexibility that would allow community financial institutions to work with farmers and ranchers during a challenging time in the agricultural economy.
In a recent column in the Kansas Banker magazine, Sen. Jerry Moran (R-Kan.) urged support for an ABA-advocated bill that would end taxation of interest earned from agricultural real estate loans.
In navigating sweeping changes, farm business IQ is the common denominator for producer success. And that’s an opportunity for ag bankers to team up with customers as their trusted advisers.
As a banker working in rural America, you surely know a small town or two that seems to be dwindling away. For many years, the population has been shifting from rural areas to urban and suburban areas. ABA’s Ed Elfmann writes about how this movement is changing the markets for ag and rural banks, and what bankers can do.
By Bert Ely American agriculture is experiencing extraordinary financial stress, unlike anything farmers and ranchers…