WASHINGTON, D.C. – Recently, Congresswoman Lynn Jenkins (KS-02) introduced H.R. 2205, the Enhancing Credit Opportunities in Rural America (ECORA) Act which creates a new, targeted tax incentive for agricultural and rural residential lending to help our ranchers and farmers in rural America.
said Congresswoman Jenkins.“Agricultural production and the prosperity of farmers is critical to the local economies in rural communities. However, low commodity prices pose a serious threat to agriculture and the thousands of jobs connected to the sector in rural America,”
“That is why I have introduced the Enhancing Credit Opportunities in Rural America Act. This legislation aims to support American farmers, ranchers, and other producers by creating a new, targeted tax incentive for agricultural and rural residential lending, resulting in lower interest rates for qualified borrowers in those rural areas as producers continue to adapt to an environment of challenging commodity prices and other financial constraints.”
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