Oct. 19, 2021
The Farm Credit Administration posted its latest regulatory projects plan. The plan cites pending regulations on a Farm Credit System bridge bank; an annual strategic plan on young, beginning, and small farmers; collateral evaluation regulations; and more.
Appraisals: On the proposed collateral evaluation regulations, ICBA this year told the agency that it should not provide Farm Credit System lenders with lower standards for appraisals and valuations than those required of community banks.
Grassroots: ICBA continues encouraging community bankers to use ICBA’s Be Heard grassroots alert urging congressional support for legislation to exempt from taxation interest income on community banks’ farm real estate and rural mortgage loans.