Independent Banker - March 2019 - 90
CONNECTIONS
Call to Action
The farm bill:
by the numbers
At the tail end of 2018, President Donald Trump signed the
Agriculture and Nutrition Act of 2018 into law. Otherwise
known as H.R.2, or the farm bill, this piece of bipartisan
legislation will bring benefi ts to the community banking
industry and its customers.
ICBA's advocacy eff orts began more than two years ago
with a white paper outlining a future farm bill that would
include key principles like ample funding, regulatory relief
and fair treatment of all stakeholders.
Mark Scanlan, ICBA senior vice president of agriculture
and rural policy, says the new farm bill " provides price protections
for commodities, maintains a strong crop insurance
program, improves the dairy program and increases the
loan limits on USDA-guaranteed farm loans by 25 percent. "
Scanlan adds: " The bill will provide producers with risk
management tools, and provide lenders a stable structure
for working with farmers and ranchers in making fi nancial
planning decisions on a longer-term basis than would otherwise
be possible, which is especially important given the
continued declines in net farm income and the fi nancial distress
facing U.S. agriculture. "
Visit icba.org/advocacy to see how ICBA is working on
behalf of member community banks on important issues affecting
the farm and rural economy, and other areas.
1.75
million
Number of added
subsidies for the
tax-advantaged Farm
Credit System
90 Q ICBA Independent Banker Q March 2019
Increase in
USDA-guaranteed
farm loan limits
42%
of all ag production
loans are provided
by commercial
banks-the largest
percentage of any
credit provider
http://www.icba.org/advocacy
Independent Banker - March 2019
Table of Contents for the Digital Edition of Independent Banker - March 2019
Table of Contents
Independent Banker - March 2019 - Intro
Independent Banker - March 2019 - Cover1
Independent Banker - March 2019 - Cover2
Independent Banker - March 2019 - Table of Contents
Independent Banker - March 2019 - 2
Independent Banker - March 2019 - 3
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Independent Banker - March 2019 - Cover3
Independent Banker - March 2019 - Cover4
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