Agreed! ๐ค
May 12, 2023๐บ๐ฒ๐ฐ A Senate Ag subcommittee heard from agricultural bankers last week. The result? Consensus: everybody agrees that crop insurance programs often make a huge difference when it comes to farmers staying in business and providing stability to the wider rural business landscape.
• Insurance industry representatives called on increased administrative reimbursements, lenders agreed on the need of boosting the lending limits of USDA-guaranteed loans, and bankers predicted that the increased interest rates are going to have future impacts on farm borrowers.
๐ To learn more about what else it's being agreed upon, read this.