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Next farm bill should address agricultural barriers, ABA says

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A leader with the American Bankers Association says Congress needs to remove some barriers for producers in the next farm bill.

Ed Elfmann, senior vice president of agricultural and rural banking policy, says there are structural issues with beginning farmer and rancher programs. “Your family put the farm in a trust 30 years ago for tax purposes. Now you want to get a beginning farmer loan, but you have to ask every single person in that trust if you can get that loan.

Next farm bill should address agricultural barriers, ABA says