Once a lifeline for farmers during the pandemic, government payments have dwindled, leading to a significant uptick in farm lending now surpassing $100 billion.
According to the American Bankers Association, heightened production costs and an end to pandemic subsidies for farmers has driven up demand for agricultural loans by nearly 7% in the last year. This surge has propelled total farm lending to a staggering $110 billion.
Farm banks are now emerging as vital pillars in supporting small-scale farmers, holding over $40 billion in credit. As of the end of 2023, banks nationwide collectively hold just shy of $200 billion in farm and ranch loans, underscoring the shifting financial landscape of American agriculture.
Before you turn the calendar to 2025, take a few moments to think through a few important tax planning matters for your farm or ranch.
December 31, 2024 11:31 AM
·
How one health system is beating the odds and serving seniors.
December 12, 2024 01:21 PM
·
RFD-TV ag law and tax expert Roger McEowen with the Washburn School of Law dives into common disputes over boundaries and conflicting surveys in agriculture.
December 01, 2024 12:51 PM
·
The annual survey shows this year’s meal will cost five percent less than last year
November 20, 2024 10:15 AM
·
Key legal & tax insights for farmers, like accumulated earnings tax, using 401(k) to start farming, ag data in court, and maximizing farm home-sale exclusions when selling your farm.
November 14, 2024 05:03 PM
·
Sponsored
Discover how Nationwide Insurance is dedicated to protecting the safety of farmers, ranchers, and agribusinesses that feed, fuel, and clothe the world.
A U.S. Federal District Court upheld an Arizona rancher’s legal complaint against the Biden Administration’s decision to halt construction on a U.S.-Mexico border wall violated environmental law and the plaintiff’s property rights.
October 30, 2024 01:09 PM
·
In his latest Firm to Farm blog post, Ag Legal & Taxation Expert Roger McEowen examines contracts, insurance, and property rights and how those legal processes can impact your farm or ranch operation.
October 08, 2024 02:26 PM
·
October 03, 2024 09:56 AM
·