|USDA Implementation of Section 1005 of the American Rescue Plan||Committee on Agriculture||06/14/21|
|ICBA Letter in Support of House ECORA||U.S. House of Representatives||03/25/21|
|Letter to Senate Ag Committee on B&I Programs||Senate Agriculture Committee||02/26/21|
|COVID Relief Package Should Include USDA Business and Industry Funding||House Rules Committee||02/25/21|
|Crop Insurance Coalition Budget Letter: Budget||House, Senate Budget Committees||02/24/21|
|Crop Insurance Coalition Budget Letter: Appropriations||House, Senate Appropriations Committees||02/24/21|
|Lender Letter to House Committees Regarding USDA Rural Development Loans||02/22/21|
|Letter Opposing CoBank Amendment||House, Senate Appropriations Subcommittees||12/04/20|
|ICBA Letter in Support of H.R. 8410||Rep. Andy Barr||10/08/20|
|Lender Livestock Trust Letter 7-28-20||U.S. Senate Committee on Agriculture, Nutrition & Forestry||07/28/20|
|Comments on Farm Credit System Appraisals||Farm Credit Administration||07/20/21|
|Letter to USDA on SDA Loan Payoffs||USDA||04/09/21|
|Comments on OMB MSA Proposal||OMB||03/18/21|
|Crop Insurance Coalition Budget Letter: Administration||USDA, OMB||02/24/21|
|ICBA Hemp Comment Letter 10-8-20||USDA||10/08/20|
|Agriculture Coalition Letter to Governors||Governors||03/24/20|
|Agriculture Spring Planting Season Letter to President Trump||President Donald Trump||03/19/20|
|ICBA Comment Letter on NEPA||CEQ||03/10/20|
|Comment Letter: USDA Hemp IFR January 29 2020||U.S. Domestic Hemp Production Program||01/29/20|
|Reporting of Data on Loans to Small Businesses and Small Farms||FDIC, Fed, OCC||12/16/19|
|ICBA Review Review of Credit Conditions Report from Agricultural Lenders||House Agriculture Committee||Steven J. Handke||12/11/19|
|Review of Credit Conditions—Report from the Farm Credit Administration||House Agriculture Subcommittee on Commodity Exchanges, Energy and Credit||Written Statement||11/19/19|
ICBA-supported legislation allowing farmers and ranchers categorized as partnerships to use gross income to calculate maximum Paycheck Protection Program loan amounts was introduced in the House.
Background: Farmers and ranchers without payroll or positive net income in 2019 were shut out of the original Paycheck Protection Program. Congress changed this limitation to be based on gross income, but SBA guidance has required farm partnership applicants to use net income from their schedule K-1.
Pending: A pending revision to the SBA's loan calculation formula for sole proprietors, independent contractors, and self-employed individuals will reportedly use gross income instead of net income. A bipartisan group of lawmakers last week told SBA it has the authority to use gross income for farm partnerships.
What's New: A bipartisan bill from Rep. Jim Hagedorn (R-Minn.) and others would allow the use of gross income and retroactively enable producers who used net income to recalculate their PPP loans if they have not been forgiven.
ICBA Position: ICBA has long advocated using gross income in lieu of net income to show positive income and allow these entities to qualify for the PPP.