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Recent posts by Brian Depew

From the desk of the executive director: Where have all the bankers gone?

The Center for Rural Affairs first examined consolidation in the banking industry in a 1978 report, “Where Have All the Bankers Gone?”. We have long understood the critical link between credit, who has access, who doesn’t, and how it shapes communities.

That’s why a recent report in the Wall Street Journal caught my eye. It detailed how banking in rural communities has fared in the years since the financial crisis. 

$665,000 more available in lending capital

Recently, we learned of a $665,000 grant awarded to our Rural Investment Corporation for lending capital. The Rural Investment Corporation is a subsidiary of the Center for Rural Affairs that is certified as a Community Development Financial Institution (CDFI). 

The award comes from the U.S. Department of Treasury CDFI Fund. This was our first ever application to the CDFI Fund for loan capital. We were among 303 CDFIs who were awarded $208.7 million to increase lending and investment activity in low-income and economically-distressed communities across the nation.

From the executive director: tax proposals put rural priorities at risk

As the hotly debated tax bills appear headed toward final votes in the House and Senate this week, the Center for Rural Affairs calls on members of Congress to send the bills back to committee for further debate. The Center opposed both the House and Senate versions of the bill.

In our review of the bills, a few of the provisions that will negatively impact rural people include:

Farm bill renewal is in sight

Congress will write a new farm bill in 2018. Initiatives that support conservation, beginning farmers, local and regional markets, and rural businesses are up for debate.

We believe the new farm bill should:

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