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What Could Flip In House Mean For Ag?
What Could Flip In House Mean For Ag?
What Could Flip In House Mean For Ag?
With the Democrats set to take control of the House this month, many in the Ag industry are curious what that means on the farm and for the bottom line.  Add to that, what it means for the bank account as well, according to Ed Elfmann.  The Senior Vice President of Agriculture and Rural Bankers Policy at the American Bankers Association says not only are the democrats taking over the House, but se
Farm Banks Increasing Ag Lending
Farm Banks Increasing Ag Lending
Farm Banks Increasing Ag Lending
Farm banks increased agricultural lending by 5.3% in 2016 and held $103.4 billion in farm loans at the end of the year.  According to the American Bankers Association's annual Farm Bank Performance Report, asset quality remained healthy at the nation’s more than 1,900 farm banks as non-performing loans have fallen to a pre-recession level of 0.54% of tot...
Banking Group Supports Bill Offering Tax Relief for Rural Lending
Banking Group Supports Bill Offering Tax Relief for Rural Lending
Banking Group Supports Bill Offering Tax Relief for Rural Lending
The Independent Community Bankers of America last week endorsed legislation that the organization says would provide tax relief for farmers.  The group said the Enhancing Credit Opportunities in Rural America Act would support farmers, ranchers and rural homeowners by providing tax relief for agricultural and rural residential lending.  Su...