News Topic: Ag lending

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A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota. ... Read full article

The Amarillo bank is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state. ... Read full article

Why banks want in on Google checking accounts; readying new tech tools to tackle anticipated rise in delinquencies; more institutions opt to sell PPP loans as heavy lifting nears; and more from this week’s most-read stories. ... Read full article

Members of the House Financial Services Committee expressed concerns to SBA Administrator Jovita Carranza that the rule could harm poultry farmers. ... Read full article

Ag lenders say the Trump administration’s waivers for oil refineries threaten another source of revenue for corn growers and ethanol makers. ... Read full article

Ken Karels will be succeeded by Mark Borrecco, who had been CEO of Rabobank's U.S. bank. ... Read full article

To guard against headwinds in the agricultural sector, the Federal Deposit Insurance Corp. recommended that institutions consider the “overall financial status” of farm loan borrowers. ... Read full article

On Sep. 30, 2019. Dollars in thousands. ... Read full article

The percentage of farm lenders losing money hit a six-year high in the third quarter, according to the FDIC. ... Read full article

So far farm loans are holding up well, but bankers gathered at an industry conference this week said they are growing increasingly concerned that credit quality will weaken if the U.S. and China don’t reach a deal soon. ... Read full article

On Jun. 30, 2019. Dollars in thousands. ... Read full article

Banks are taking back more farmland through foreclosure than at any point in the past three years as low crop prices, epic flooding and the Trump administration’s trade spat with China have left many farmers struggling to pay their debts. ... Read full article

President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen. ... Read full article

Growers Edge is adapting retail financial technology to compete with traditional banks in ag lending and crop insurance. ... Read full article

County Bancorp is a small dairy lender in Wisconsin with an exposure to milk prices, and Bank OZK is a larger bank in Arkansas coping with out-of-market real estate trends. Their stories show how market sensitivities can vex specialists. ... Read full article

America's farms have taken on near-record levels of debt in recent years, and commodity prices and trade wars are putting pressure on farm country. That could spell bad news for bankers that lend to them. ... Read full article