Farm lenders, insurers, and growers pleaded with Senate Ag lawmakers to pass a new farm bill now with improved crop insurance, reference prices, and loan programs.
That is Ben Noble, a former Senate staffer and head of Arkansas’ Riceland Foods. Caleb Hopkins with First Dakota National Bank in Iowa and the American Bankers Association says lenders are looking for certainty, and crop insurance provides just that.
Farm Credit Mid-America Chief Ag Lending Officer Tara Durbin says lawmakers have worked hard to improve crop insurance affordability and coverage as well as farm loans.
The bipartisan Pace Act crafted by Ranking Ag Democrat Amy Klobuchar and Republican John Hoeven would boost direct and guaranteed loan limits to better align with current operating costs.
