loans

Farm debt at commercial banks showed signs of stabilizing at the end of 2021. Driven by a higher balance of real estate and non-real estate loans, agricultural debt increased for the first time since 2019. The Kansas City Federal Reserve said while the pullback in lending abated, agricultural loan balances remained below the recent historic average ...

USDA's rural development community facilities funding, recently highlighted by a $1-billion award to projects nationwide, consist of several grant and loan programs within rural development. And as Washington State Rural Development Director Helen Price Johnson points out, funding vehicles can be combined to bring needed facilities projects together ...

Smaller sized loans limited agricultural lending activity at the end of 2021. The Survey of Terms of Lending to Farmers shows non-real estate agricultural loans at commercial banks decreased by 13% in the fourth quarter, and the yearly average was the lowest since 2012 ...

Demand for livestock loans grew in the third quarter, boosting agricultural lending activity. However, demand for operating loans was more subdued, and total non-real estate lending remained near its average of the past decade. The Kansas City Federal Reserve Bank announced recently the average size of loans for some livestock categories reached an all-time high and contributed to the increased l

"The pandemic exposed a number of weakness in our food supply chain and need for more support for expanded processing," noted Agriculture Secretary Tom Vilsack when he recently announced the latest in a series of financial commitments to help strengthen the midpoints of the food chain ...

Interest rates on agricultural loans made by commercial banks increased slightly for some types of lending. However, the Federal Reserve of Kansas City says rates stayed historically low through the first half of this year. The average rate on non-real estate loans was about 30 basis points higher than the all-time low reached at the end of 2020 ...

A recent presentation shows Farm Credit institutions increased their support of the young, beginning, and small farmers and ranchers across the country in 2019. “Farm Credit grew and strengthened its commitment to young, beginning, and small farmers and ranchers in 2019 despite the challenges of continued low commodity prices, severe weather events, and an uncertain trade outlook,” says Farm Credi

The Small Business Administration announced this week that Ag businesses are now eligible for the SBA’s Economic Injury Disaster Loans and EIDL Advance programs. The EIDL portal has been closed since April 15th, however, the Agency reopened the portal in a limited capacity this week. SBA ...

President Trump has designated Glen R. Smith as chairman and CEO of the Farm Credit Administration. The designation was made effective last week. Farm Credit has examination and regulatory authority over the Farm Credit System, with oversight by Congress...

The USDA has more than $2 billion available this year to invest in community facilities and infrastructure projects in rural areas.   “Modern and accessible education, health care, public safety, and municipal services are the foundation for a high quality of life,” said Acting Assistant to the Secretary for Rural Development Joel Baxley.  “The USDA is c...