farm loans

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

The USDA says a higher loan limit will be available for borrowers seeking a guaranteed farm loan. As of October 1st, the limit increased from $1.776 million to $1.825 million. “Farm loans are critical for our customers’ annual operating and family living expenses, emergency needs, and cash flow,” said FSA Administrator Zach Ducheneaux. “Raising the gua ...

A USDA funding program gives resources for building rural economies and rural development. Rural Cooperative Business Service Administrator Karama Neal, said when it comes to the scope of the Rural Economic Development Loans and Grants program, "typically rural electric cooperatives can borrow the funds at 0% interest from us," Neal added ...

The Farm Credit Administration ramped up efforts to support young, beginning and small farmers and ranchers during the course of the pandemic. FCA vice president, Mark Hayes, said ​funding young and beginning farmers is crucially important since they are the future of the industry. And he noted, ...

The Department of Agriculture is on track to provide record support of rural working capital in the current fiscal year. According to USDA Rural Development undersecretary Justin Maxson, the Department has invested $1.2 billion in loan guarantees to help rural businesses in 41 states, Guam and the Virgin Islands ...

Despite the problems farmers and ranchers have had because of the pandemic, Glen Smith, chairman of the Farm Credit Administration, said the overall farm economy is in "remarkably" good shape. Smith recently added if you want to know the financial condition of the farmers, ask their lenders ...

Interest rates on agricultural loans made by commercial banks increased slightly for some types of lending. However, the Federal Reserve of Kansas City says rates stayed historically low through the first half of this year. The average rate on non-real estate loans was about 30 basis points higher than the all-time low reached at the end of 2020 ...

Further strengthening of the U.S. ag economy bolstered farm credit conditions in the first quarter of 2021. A Federal Reserve survey of agriculture credit conditions shows farm loan repayment rates continue to improve rapidly. After many years of growing financial stress and weakness in the ag economy, bankers reported that farm income was higher than a year ago for the second consecutive quarte

Legislation recently introduced by Representative Ron Kind looks to help address veterinarian shortages nationwide. He said the bipartisan Veterinary Medicine Loan Repayment Program Enhancement Act would lift the overly burdensome taxes on programs that encourage veterinarians to practice in rural communities ...

Farm loan demand remained muted at commercial banks in the first quarter of 2021. The Kansas City Federal Reserve Bank reported this week that a reduction in the volume of operating loans led to an overall decline in total non-real estate lending ...