Leading the charge to ensure farmers, ranchers and rural homeowners will benefit from competition-driven, low-cost interest rates is nothing new for U.S. Senator Jerry Moran and U.S. Senator Roger Marshall. The steadfast leadership exhibited by our respective U.S. Senators, who joined four other Senators as original co-sponsors of the recently reintroduced Access to Credit for our Rural Economies (ACRE) Act, is a testament to their commitment to supporting growth and prosperity in rural Kansas and rural America.
I’m grateful for having Congressional leaders who recognize the ACRE Act (S. 838) will reduce borrowing costs for agriculture producers facing low grain commodity prices and rural homeowners facing a lack of affordable housing and inflation-impacted home prices. I’m also certain our Senators recognize this legislation will help sustain the community bank model, which is critical to ensure local access to credit for rural Kansas communities in the long term.
With tax reform topping the Congressional agenda this year, it’s time to roll up our sleeves and get to work with our banking industry colleagues from across America to encourage every member of the U.S. Senate and U.S. House of Representatives to support the ACRE Act. It’s time to educate our farm and ranch customers about how the ACRE Act will lower their costs, and it’s time to inform local leaders how the ACRE Act will foster the development of rural housing. Our Senators are leading the charge and it’s time for us to follow their lead!
“Persistent inflation and high interest rates are putting a strain on farmers and rural homeowners in Kansas and across the country. Rural Americans should have the flexibility to access the capital needed to expand their family farms and achieve the dream of homeownership. This legislation will help to boost rural housing and support the agricultural economy that plays a vital role in small towns across America.”
— Senator Jerry Moran
“The ACRE Act will help community banks address one of the most significant challenges for rural communities — high interest rates. High rates raise the cost of doing business for family farms, make it harder for small businesses to grow, and leave home ownership unattainable for many. The ACRE Act is common sense legislation to reverse these trends.”
— Senator Roger Marshall
