AGRIBUSINESS REPORT PODCAST – Curt Covington
Today’s guest is Curt Covington. Curt is Senior Director Institution Credit with Ag America in Lakeland, FL. He talks about how his past 40+ years in agricultural lending and education … Read More
Tag: ag lending
Ag Lenders Build Equity While Supporting Rural Communities
Agricultural lending by the nation’s farm banks dipped nearly 2 percent last year as demand for agricultural production loans declined slightly, according to the American Bankers Association’s annual Farm Bank Performance Report released Monday.
Bipartisan Legislation Would Assist New Farmers and Ranchers
Two members of Illinois’ Congressional delegation have introduced bipartisan legislation will help ensure that agricultural producers, especially those just getting started, have access to credit to expand or diversify their operations.
Despite Challenges in Agriculture, Farm Banks Holding Up
According to the American Bankers Association, farm banks have held up well despite challenges to the agriculture industry since 2014, and problem loan levels have remained modest.
Ag Lending Update: Fewer New Loans to Farmers
A historically low number of new loans contributed to an increase in average loan size and drove a slight decrease in the overall volume of non-real estate loans at commercial banks in the fourth quarter.
Amid Uncertainty, Lenders Remain Concerned About Agricultural Liquidity
Lenders continue to be most concerned about the liquidity, income, and leverage of producers. Uncertainty regarding tariffs and trade, the weather, and the impacts of the COVID-19 pandemic and resulting economic downturn is close behind.