loans

Deadline Approaching in Florida for SBA Working Capital Loans

Dan Economy, Industry News Release

ATLANTA (SBA)- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations that Aug. 12 is the filing deadline for federal economic injury disaster loans in Florida as a result of Hurricane Michael on Oct. 9 – 11, 2018. This disaster declaration includes the following counties: Baker, Columbia, …

agricultural

Governor Ron DeSantis Awards First Small Business Emergency Bridge Loan for Agricultural Producers Following Hurricane Michael

Dan Economy, Florida, Industry News Release

(TALLAHASSEE, Fla. — Office of Governor): Governor Ron DeSantis announced the Department of Economic Opportunity has awarded the first Small Business Emergency Bridge Loan for agricultural producers following Hurricane Michael to John P. Jordan Farm in Bascom, Florida. The Small Business Emergency Bridge Loan was activated to provide relief to Florida farmers whose crops were damaged by the storm. “Hurricane …

loans

Ag Lenders Worried About Farmers

Dan Economy, Industry News Release

Depressed commodity prices, poor weather, and trade war ramifications aren’t just worrying for the nation’s farmers. The second quarter Agriculture Credit Conditions Survey from the Federal Reserve Bank of Minneapolis says ag bankers are worried as well. The report, which covers April through June, says farm income, spending on capital equipment, and household purchases all decreased. Nearly half of the …

lending

Large Livestock Loan Drive Rise in Farm Lending

Dan Cattle, Economy, Industry News Release, Livestock

The Federal Reserve’s Agricultural Finance Databook says lending activity in the agricultural sector increased slightly in the second quarter of 2018. The overall number of non-real estate farm loans was roughly two percent higher than at the same time in 2017. The slight increase was supported primarily by larger loans for livestock. In the short term, The Kansas City Fed …

sba

SBA Economic Injury Disaster Loans Available in Georgia

Dan Economy, Georgia, Industry News Release, Weather

Disaster Loans Available in Georgia Following Secretary of Agriculture Disaster Declaration for March Freeze The U.S. Small Business Administration (SBA) announced that Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and private nonprofit organizations located in Georgia as a result of the freeze on March 8-23, 2018. The loans are available in …

lending

Ag Bankers Report Shows Increase in Lending

Dan Economy, Industry News Release

Agricultural lending from U.S. banks increased nearly six percent in 2017, according to a new report by the American Bankers Association. Ag lending increased $5.9 billion to $106 billion last year from farm banks, which are defined as banks whose ratio of domestic farm loans to total domestic loans is greater than or equal to the industry average. Total farm …