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Shining Light on Farm & Food Policy for 20 Years.
Friday, December 20, 2024
Farm Credit lenders are asking Congress in the upcoming farm bill to expand their authority to rural community facilities and fisheries projects, but some community bankers are worried the changes will siphon away their business.
Community bankers are rallying around a proposal that would provide banks with tax exemptions on interest earned from agricultural real estate or home loans in communities whose populations are below 2,500.
Creighton University’s March Rural Mainstreet Index reading slipped to a negative value as bankers encouraged interest rate hikes and farmland values remained elevated.
USDA is rolling out its debt relief program for socially disadvantaged farmers, sending out offer letters to producers eligible for direct loan relief, even as it grapples with how to pay off guaranteed loans in the face of concerns from banks worried about loss of income.
A bill that President Donald Trump is expected to sign into law will soon give rural banks some relief from Dodd-Frank regulations that critics say have sometimes constrained agricultural lending.