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For Immediate Release
December 12, 2018
ABA Media Contact: Sarah Grano
(202) 663-5470
Follow us on Twitter: @ABABankers

ABA Applauds Congress for Final Passage of 2018 Farm Bill

By Rob Nichols, ABA president and CEO

​“We applaud the U.S. Senate and House of Representatives for passing the 2018 Farm Bill. This important piece of legislation provides critical risk management tools and stability for our nation’s farmers and ranchers, as well as the 2,000 farm banks that serve them every day.
 
“We are particularly pleased that lawmakers recognized the vital role of crop insurance and USDA loan guarantees. These programs help farm banks make loans and manage risk in both good times and bad, which is critical to maintaining a stable and vibrant farm economy.
 
“We especially want to thank House and Senate Agriculture Committee Chairmen Mike Conaway and Pat Roberts and Ranking Members Collin Peterson and Debbie Stabenow for their leadership in advancing this legislation to the president’s desk for his signature.”
 
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The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.