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.
Browsing: Rural banking
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.
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.
The Consumer Financial Protection Bureau today released the lists of rural counties and rural or underserved counties that entities can use in 2019 to determine whether they are exempt from certain regulatory requirements.