The American Bankers Association released its annual Farm Bank Performance Report, highlighting the critical role farm banks played in supporting Ag in 2024.
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
The USDA has launched the Distressed Borrowers Assistance Network, an initiative designed to provide support to financially distressed farmers and ranchers across the nation. Through a series of Cooperative Agreements, this national network will connect distressed borrowers with individualized assistance to help them stabilize and regain financial footing.
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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...
As farmers look ahead to 2023, many are concerned about what the financial picture hold in store. While many producers enjoyed record commodity prices last year, there were several headwinds, from high input costs, to trade issues, and of course, weather problems, giving many reason to pause in the months ahead. Heather...
Senators Chuck Grassley and Sherrod Brown introduced legislation this week to prevent foreign individuals from obtaining credit and financial services through the Farm Credit System. The Iowa Republican and Ohio Democrat content that currently, certain foreign individuals and entities are eligible to receive credit through this government-sponsored enterprise.
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The Kansas City Fed says agricultural credit conditions remained strong in the second quarter, but slower improvement is expected during the months ahead. Those bankers who responded to the Federal Reserve Survey of Agricultural Credit Conditions said farm income continued to increase. However...
Larger loans continued to boost lending activity in the second quarter of 2022 while farm loan interest rates edged higher. The Federal Reserve Bank of Kansas City said the volume of non-real estate agricultural loans grew steadily alongside an increase in the number and average size of loans. In...
The Federal Reserve Bank of Kansas City said farm lending activity at commercial banks increased during the first quarter of 2022 due to a significant increase in the size of operating loans. With some input costs surging in recent months, the volume of operating loans increased sharply from a year ago, and non-real estate lending increased on a rolling four-quarter basis for the first time since
Agricultural debt at commercial banks eased further at the end of 2020, and loan repayment problems moderated slightly. According to the Kansas City Federal Reserve Bank, general improvement in the farm economy likely drove the pullback in farm lending activity and strengthened credit conditions
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