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A strong farm bill provides stability for the volatile farm sector and incorporates important policies, such as price-support programs, crop insurance and loan guarantee programs.
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May 22, 2024
ICBA is urging community bankers to call and write their members of Congress ahead of tomorrow’s House Agriculture Committee farm bill markup.
Pro-Community Bank Policies: The bill includes ICBA-advocated policies to increase commodity reference prices, enhance guaranteed loan and crop insurance programs, and require quicker loan approvals from the USDA. However, the bill would expand Farm Credit System powers, including by largely exempting FCS institutions from the CFPB’s 1071 rule.
Grassroots Push: Ahead of tomorrow’s markup, ICBA is urging community bankers to use its Be Heard grassroots action center to call and write their members of Congress to oppose expanding FCS powers. Call Congress here. Write Congress here.