Sept 17 - The American Bankers Association has formed an Agricultural Credit Task Force, a diverse team of bankers who will work to identify legislative opportunities in the 21st century agricultural credit market. The task force will hold its first meeting Sept. 17 in Lincoln, Neb., at the Nebraska Bankers Association headquarters.
Made up of CEOs and senior executives from community, regional and large banks, the task force will assist the ABA with tackling policies that hinder the banking industry’s ability to serve farmers and ranchers. The main topic of discussion at the first meeting will be the Farm Credit System and its unfair advantages as the only government sponsored enterprise with direct retail lending authority.
Matt Williams, president, chairman and CEO of Gothenburg State Bank in Gothenburg, Neb., is the task force chairman.
“Banks have provided credit to farmers and ranchers since the founding of our country, and we want to continue our mission as the most reliable, most innovative lenders to agriculture,” said Williams, who is also chairman of ABA. “We want policies and regulations in place that will prevent banks from being disadvantaged in the agricultural credit marketplace.”
The seven banks and three state associations participating in the group are: