ABA: ABA Testifies Before Senate Ag Committee on Risk Management, Credit and the Agricultural Economy
The American Bankers Association offered the banking industry’s views on risk management, credit and the agricultural economy in testimony before the Senate Committee on Agriculture today. Caleb Hopkins, current chair of ABA’s Agricultural and Rural Bankers Committee, testified on behalf of ABA. Hopkins, based in Halbur, Iowa, has worked in agricultural banking for 13 years, including the…
ICBA: ICBA Strongly Supports Bipartisan ACRE Act Offering Lower-Cost Credit to Rural Americans
The Independent Community Bankers of America (ICBA) today expressed strong support for the introduction of the Access to Credit for our Rural Economy (ACRE) Act to support farmers, ranchers, and rural homeowners. The bipartisan bill introduced by Sens. Jerry Moran (R-Kan.) and Angus King (D-Maine) in the Senate and Reps. Randy Feenstra (R-Iowa) and Don…
ABA: ABA Applauds Introduction of ACRE Act of 2025
“ABA applauds today’s bipartisan, bicameral introduction of the Access to Credit for our Rural Economy Act of 2025, and we thank the bill’s lead sponsors Senators Jerry Moran (R-KS), Angus King (I-ME), Ruben Gallego (D-AZ), Kevin Cramer (R-ND), Tommy Tuberville (R-AL) and Roger Marshall (R-KS), and Representatives Randy Feenstra (R-IA-04), Don Davis (D-NC-01) and Nathaniel…
EDA: $5.5 Million Invested to Support the Agriculture Industry and Provide Electrical Infrastructure Improvements in Kansas
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $5.5 million in the state of Kansas to support the agriculture industry and make electrical infrastructure improvements needed to bolster economic opportunity in the region. The EDA investments announced today are: “The Biden-Harris Administration’s Investing in America Agenda is…
ABA: Wisconsin Banker and Local Marketing President Receive Top Ag Banking Awards
The American Bankers Association today announced the recipients of its annual Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking. ABA will honor Dave Coggins, retired senior vice president of ag banking at Nicolet National Bank based in Green Bay, Wis. with the Bruning Award and Carroll Merry, president…
EDA: $752,000 Invested to Support the Agriculture Production Sector in Martin County, Kentucky
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $752,000 grant to Community at the Core, Inc. in Debord, Kentucky, to support growth of the agriculture production sector. This grant will support the procurement of production equipment at a new apple sorting facility. This EDA investment will be matched with $188,000…
ABA: Report Finds Farm Bank Lending Increased to $110 Billion in 2023
Banks reported holding over 1.1 million small farm loans worth $70 billion Amid elevated production costs, commodity price volatility and a return to pre-pandemic levels of direct government payments, agricultural loan demand increased in 2023 and agricultural lending by U.S. farm banks grew 6.7% to $110.0 billion, according the American Bankers Association’s annual Farm Bank…
EDA: $1.75 Million Invested to Expand Agribusiness Sector in Cass County, IN
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to Cass County, Indiana, for road infrastructure upgrades at the Cass County Agribusiness Park. This project will increase business operations and provide continued industrial growth in a region impacted by changes in the energy…
ABA: Banker and Professor Receive Top Ag Banking Awards
The American Bankers Association today announced the recipients of its annual Bruning and Blanchfield Awards, the association’s premier awards presented for significant contributions to agricultural banking. ABA will honor Leonard Wolfe, president and CEO of United Bank and Trust based in Marysville, Kan. with the Bruning Award and Robert Craven, associate director of the Center…
EDA: $31.1 Million Invested to Support Agricultural Production and Processing in Southwestern Washington
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the Port of Chehalis in Chehalis, Washington, to bolster agricultural production and processing in southwestern Washington. This grant will support the construction of a grain storage and rail transload facility at the port. This…
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