Independent Banker - May 2017 - 23

DO YOU HAVE A MINUTE?
allows community banks to continue
working with their farm and ranch
customers amid low commodity
prices and other challenges facing
rural America.
Getting up to speed
ICBA supported the 2014 farm bill
because of its long-term framework
and pro-community bank provisions.
Despite substantial reforms
implemented in the face of budgetary
constraints, the act provided a safety
net for major commodities, signifi -
cantly enhanced crop and revenue
insurance programs to better support
producers' risk-management strategies,
and helped ensure farmers' and
ranchers' ability to repay bank loans.
The bill also removed term limits
on USDA-guaranteed farm operating
loans, which restrict the number of
years producers can obtain a loan for
their annual production expenses.
This achievement was a hard-fought
victory for the banking industry and
strongly supported by ICBA. Finally,
the act did not include any expanded
lending powers for Farm Credit System
entities.
These provisions refl ect core ICBA
agricultural policy priorities. Crop
insurance is a successful publicprivate
program that is critical to the
ability of farmers and ranchers to
survive weather disasters and repay
their farm loans. In 2015, 1.2 million
policies were sold to protect more
than 120 different crops covering 285
million acres with an insured value of
more than $100 billion. ICBA is again
working to protect the crop insurance
program from cuts or adverse
changes that would discourage
participation or undermine privatesector
delivery.
Additionally, USDA farm loan
guarantee programs help community
banks manage lending
risks to farmers and ranchers who
would otherwise be unable to
obtain commercial credit. These
We need your help to put together our special
August issue. Which community bank is doing
great things? What is your charity of choice?
Which car do you wish you drove? Take our quick
survey now at surveymonkey.com/r/IBAugust
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Independent Banker - May 2017

Table of Contents for the Digital Edition of Independent Banker - May 2017

Table of Contents
Independent Banker - May 2017 - Intro
Independent Banker - May 2017 - Cover1
Independent Banker - May 2017 - Cover2
Independent Banker - May 2017 - Table of Contents
Independent Banker - May 2017 - 2
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Independent Banker - May 2017 - Cover3
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