Serving the Agriculture Community
Bank of Commerce and ICBA Celebrate America’s Ag Community
National Agriculture Week is March 20-26
Rawlins, Wyoming, March 20, 2022 - In recognition of National Ag Day, Bank of Commerce and the Independent Community Bankers of America (ICBA) are celebrating the contributions of America’s local farmers, ranchers, and agricultural enterprises.
Community banks provide 80% of all financing to and are often the catalysts for new and expanded business opportunities within their communities. In fact, community banks provide roughly $130 billion in agriculture loans.
National Ag Day was founded nearly 50 years ago to recognize the contributions of farmers in providing Americans with healthy, affordable, and abundant food options. ICBA offers the following facts about the agriculture industry:
- The typical American farmer produces enough food and fiber to feed 166 people, producing jobs and investment throughout the economy.
- Americans spend less than 10 percent of their disposable income on food, allowing consumers financial freedom to purchase other goods.
- Farming and related industries employ 21.6 million people, making up 11 percent of total U.S. employment.
About Bank of Commerce
Agricultural financing is one of the strengths of Bank of Commerce. Our loan staff works hard to understand your operation in an effort to help you succeed. We appreciate the importance of agriculture in our community and enjoy helping local producers. See our experienced loan officers for operating loans, equipment loans, livestock purchases, and improvement loans. We recognize the essential role of agriculture, which is central to our country's health and prosperity and we do all we can to support these stewards of the land and their work to preserve our nation's natural resources - today, tomorrow and for the future - for the benefit of all.
About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute roughly 99 percent of all banks, employ nearly 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding nearly $5.9 trillion in assets, over $4.9 trillion in deposits, and more than $3.5 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
# # #