billion

White House Budget Proposal Cuts Ag Spending $46 Billion

Dan Funding, Industry News Release, Legislative

A Reuters report says President Trump’s budget proposal contains $46.54 billion in cuts to government funding in the Ag sector, with those cuts spread out over ten years. The biggest proposed cut is $38 billion dollars from farm support programs. Those cuts include new limits on federal subsidies for crop insurance premiums and a cap on potential commodity program payments. …

Ag Groups Respond to White House Budget Cuts

Dan Economy, Funding, Industry News Release

President Trump’s Budget is an Assault on the Farm Safety Net and Rural Communities, National Farmers Union Says President Donald J. Trump issued the detailed fiscal year 2018 federal budget proposal, recommending drastic cuts to agricultural and rural related agencies and programs. The proposal would cut Farm Bill programs by nearly $230 billion and slash the U.S. Department of Agriculture …

farm lending credit

Farm Banks Report Ag Lending Gains in 2016

Dan Funding, Industry News Release

Farm banks increased their agricultural lending by 5.3 percent in 2016 and held $103.4 billion in ag loans at year’s end, according to the American Bankers Association’s annual Farm Bank Performance Report. Despite overall declines in farm income, farm banks continued to maintain healthy asset quality and capital levels. More than 97 percent of farm banks were profitable in 2016, …

credit farm lending

Farm Lending Continues to Moderate

Dan Funding, Industry News Release 6 Comments

Lending activity at agricultural banks across the country continued to decline in the first quarter of 2017. A report from the Federal Reserve Bank of Kansas City says economic conditions in the farm sector are still weak, so borrowers and lenders have worked together to make adjustments in financing agricultural production across America. Ag lenders are making more adjustments to …