Shutdown has farmers and their lenders sweating
The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season. ... Read full article
The impasse has halted grant and loan applications and frozen many farm subsidies just weeks ahead of planting season. ... Read full article
Banks were reluctant to offer services to an industry that had a hazy legal status. That’s about to change. ... Read full article
Lenders fear the agency's rule could make most poultry producers ineligible for 7(a) loans. ... Read full article
Can farmers — and the banks that lend to them — survive Trump's trade war? ... Read full article
The credit union's organizers believe there is a funding gap in the state for agriculture — and they want to fill the void. ... Read full article
Bankers complain that the quasi-governmental system's new program designed to make more residential loans in four states goes well beyond its original mission. ... Read full article
Harvest is when farmers need funding the most. ProducePay has financed over $850 million of produce in under four years, disrupting traditional finance rules in the farm-to-table process. ... Read full article
Banks are adjusting loan terms, making use of federal loan guarantees and working with farmers to find new markets, all in an effort to mitigate the damage from a likely drop in soybean exports. ... Read full article
The Senate's farm bill would prevent the July 31 lapse of the National Flood Insurance Program, but it still needs to be debated in conference with the House. ... Read full article
Nearly a third of the company's revenue will come from noninterest income after it buys SCB, which owns a large insurance and farmland management business. ... Read full article
China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them. ... Read full article
Mexico's decision to reduce imports of soybean meal, corn and chicken has put more pressure on certain farmers, while creating another situation for lenders to monitor. ... Read full article
The Trump administration's proposed budget would cut discretionary funding for the Department of Agriculture, which could affect a key agency lending program. Bankers are urging legislators to maintain, or even increase, funding. ... Read full article