ICBA Testifies on Supporting Ag Credit

Dec 12, 2019

ICBA community banker Steve Handke told the House Agriculture Committee that while farm banks have stable ag loan portfolios, they remain concerned about rural economic conditions and support a strong farm bill with robust crop insurance tools.

The regional president and chief administrative officer at First Option Bank in Osawatomie, Kan., advocated a modest increase in USDA guaranteed farm loan limits and leveling the playing field between community banks and the tax-advantaged Farm Credit System.

Handke also expressed support for market facilitation payments and passage of the United States-Mexico-Canada Agreement. He encouraged lawmakers to advance the Enhancing Credit Opportunities in Rural America Act (S. 1641 and H.R. 1872), which would exempt from taxation interest income on farm real estate loans and rural home mortgages in towns of less than 2,500 residents.

Read the ICBA Release