Idaho farmers and ranchers are encouraged to apply for a low-interest loan via the Soil and Water Conservation Commission, to finance conservation projects on agricultural lands.
The American Bankers Association released its annual Farm Bank Performance Report, highlighting the critical role farm banks played in supporting Ag in 2024.
The USDA is reminding producers across the Northwest that FSA offers farm ownership and farm operating loans to underserved applicants as well as beginning farmers and ranchers. Lisa Ruff with USDA’s office in Yakima said farming and ranching is a capital-intensive business and FSA is committed to helping producers start and maintain their ag operations. She noted tha...
Farm lending concerns came up at a recent Senate disaster aid hearing as lawmakers grappled with the lack of a Farm Bill and help for financially struggling producers.
“I’ve never been in a situation where the bankers are coming in saying, ‘if you don’t do something, we’re not going to be able to, because of our bank examiners, we’re not going to be able to provide the credit that our farmers ne
Farm Credit System institutions made almost 133,000 loans to young, beginning, or small U.S. producers in 2023, delivering on their critical mission to support rural communities and agriculture. A new Farm Credit Administration Report underscores Farm Credit’s commitment to the next generation of agricultural producers through strategic lending and support initiatives.
“Suppo...
Last week, the USDA announced a new way of doing business through FSA farm loan programs. The Department said these changes will increase flexibility and resiliency for Ag producers/borrowers.
“I think that these changes to the terms are really transformative," said FSA Administrator Zach Ducheneaux. "We're really proud of ...
Despite numerous headwinds in 2022, agricultural lending by U.S. farm banks increased by 8.1% last year to $103.1 billion. The American Bankers Association’s annual Farm Bank Performance Report said the change is due to a 9.7% increase in outstanding loans, secured by farmland and a 5.9% increas...
One of the serious issues for beginning, small, or underserved farmers is the lack of access to credit. And ask anyone who’s farmed for a while, without credit, it's almost impossible for any farmer to make it.
“This is what I feel like I was brought to the agency for is to help improve access to credit especially to those underserved populations.”
FSA Adminis...
Agricultural lending at commercial banks continued to decline but showed some signs of stabilizing in the third quarter. Data reported by the Kansas City Federal Reserve Bank this week shows farm debt decreased at the slowest pace in two years
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Demand for livestock loans grew in the third quarter, boosting agricultural lending activity. However, demand for operating loans was more subdued, and total non-real estate lending remained near its average of the past decade.
The Kansas City Federal Reserve Bank announced recently the average size of loans for some livestock categories reached an all-time high and contributed to the increased l