PPP Loans Net Positive for Rural Communities
The effects of the Paycheck Protection Program continue to show positive results in rural communities according to data recently released by the American Bankers Association.
Tag: American Bankers Association
Working Group to Unveil Recommendations for New Farmers
The average age of the American farmer, according to the most recent Census of Agriculture from the National Agricultural Statistics Service, is almost 58 years old. Actually, 92 percent of those listed as primary farm operators are older than 35. Therefore, the industry’s future will rely on the ability of younger and beginning farmers to join the list.
Agribusiness Report: Ed Elfmann
The longest-running farm program in West Texas, the AgriBusiness Report is our daily interview program with decision-makers in the world of Agriculture. Today’s guest is Ed Elfmann with the American Bankers Association.
Demand for Farm Loans Down as Profitability Increases
According to the 2021 Agricultural Lenders Survey results recently released by the American Bankers Association and Farmer Mac, farm profitability is improving.
Growing Opposition Leads Administration to Recalculate Banking Regulation
A group of business leaders both in and out of agriculture are weighing in on a proposal in the Biden administration’s Build Back Better agenda, also known as the reconciliation bill.
Senate Leader Takes Aim at Section 199A Exemptions
In addition to concerns already voiced about potential changes in tax policy, now farmers, ranchers, and small businesses are joining an effort to protect the Section 199A exemptions.
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.
Bankers Offering Optimistic Projections for Expanding Economic Activity
Pent-up demand may fuel a wildfire of economic activity this year, leading to a 7.2 percent growth rate according to the American Bankers Association’s Economic Advisory Committee.
Congress to Consider True Bipartisan Issue Soon: Infrastructure
Speaking virtually to the American Bankers Association’s Washington Summit this week, West Virginia Senator Joe Manchin praised bankers for their work on the Paycheck Protection Program
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 Lender Concerns Last Year, Still Top List
As the farm economy continues to work through a prolonged downturn amid a global economic slowdown, agricultural lenders remain concerned with the same factors for themselves and their borrowers as they did last year.
Agricultural Lenders Concerned About Farm Profitability in 2021
The American Bankers Association recently released the results of their Ag Lender Survey where lenders are expressing concern regarding compression in farm profitability this year and reduced expectations for profitability.
Despite Tough Agricultural Conditions, Lenders Expect Borrowing Expansion
As the farm economy continues to work through a prolonged downturn in the midst of an unparalleled, global economic dislocation, ag lenders remain focused on credit quality.
Current Farm Challenges Not Comparable to 1980s Crisis
Times are tough on the farm right now as commodity prices have fallen significantly, and in some cases by 50 percent since 2014.
Banks Facing Ongoing Challenges from COVID-19 and Regulations
It appears that almost every sector of the American economy took a financial hit during the near-nationwide shutdown due to COVID-19.
Report Suggests Six Million New American Jobs Coming
According to the Occupational Outlook Handbook, the U.S. economy is projected to grow by .4 percent or an additional 6 million jobs by 2029.
Banks Reporting Weaker Demand for Second Quarter Loans
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of banks reported weaker demand for commercial and industrial loans.
Bankers Looking for IRS Clarification on PPP Reporting
As Congress considers another round of stimulus and relief for businesses suffering through the COVID-19 shutdown, the American Bankers Association is asking legislators to make a change in the tax code.
Advance Estimates Explain Struggling U.S. Economy and GDP
Though there are signs that the economy is improving after being shut down due to COVID-19 concerns, an “advance” estimate from the Bureau of Economic Analysis tells a different tale.