Agricultural bankers want Congress to move the Enhancing Credit Opportunities in Rural America Act forward, but they say Congress appears to have other priorities right now.
Ed Elfmann is the Senior Vice President for Ag and Rural Banking Policy at the American Bankers Association, and says, “It’s going to be a lot of appropriations keeping the government open. It’s going to be all of the impeachment stuff, so getting something through a process and over the finish line will be tough but not impossible.”
Elfmann says this legislation would lower the tax rate on banks when they do agricultural real estate lending.
