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

Budget Patch Averts Ag Lending Crisis

Dan Industry News Release 0 Comments

All available ag lending money the government had was given out to farmers during the last fiscal year to help them through the worst economic downturn in decades. An Associated Press article says, despite that, no one who qualifies for a farm loan will be turned down over the next four months, thanks in part to an unusual item recently …

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Availability of Additional Farm Loan Funding

Dan General, Industry News Release 1 Comment

Reminds Lenders and Potential Borrowers of Small Business Administration Option The U.S. Department of Agriculture (USDA) Farm Service Agency (FSA) Administrator Val Dolcini announced that additional funding will be made available to assist more than 1,900 approved applicants who are awaiting farm operating loans. The funds, which were reprogrammed by FSA with the approval of Congress, will leverage up to …