Ed Elfmann

As conversations over the 2023 Farm Bill intensify in the coming months, all corners of the farming economy will watch the debate very closely for a variety of reasons.   But, what about the Ag Lending community?   Ed Elfmann Sr. Vice Pre...

One of the top points of discussion at this year’s American Bankers Association Ag Bankers Conference was the 2023 Farm Bill.  You may ask yourself, why do bankers care about the farm bill.  Ed Elfmann, Senior Vice President for Ag and Rural Banking Policy at the ABA says despite what many think, a large portion of the banking industry is connected to rural America, and the Farm Bill has a direct

If you ask farm and ranch lenders from across the country their thoughts on the future of the Ag economy, their responses may not be as somber as you’d expect.  And while there is caution about the current farm economy, Montana banker Heather Malcolm says it’s not all gloom and doom as we look at 2020.   “From a...

Ag bankers are asking Congress to take action on the Enhancing Credit Opportunities in Rural America act, better known as ECORA.  What would this legislation do for rural America?   Ed Elfmann, Senior Vice President for Ag and Rural Banking Policy at the American Bankers Association, said the legislation will lower the tax rate on banks when they do agricultural real estate lending.   “... Read Mo

With the Democrats set to take control of the House this month, many in the Ag industry are curious what that means on the farm and for the bottom line.  Add to that, what it means for the bank account as well, according to Ed Elfmann.  The Senior Vice President of Agriculture and Rural Bankers Policy at the American Bankers Association says not only are the democrats taking over the House, but se

It’s a question on the minds of many in the ag industry.  Will Congress pass a Farm Bill on time?  Ed Elfmann, senior Vice President  of ag and rural banking with the American Bankers Assocation, says partially.   “In 2018, there will be a Farm Bill out of the House.  Timing is unsure at this poin...