Congress has a chance to help make access to credit more affordable for rural America.
How? By passing legislation – the Access to Credit for our Rural Economy (ACRE) Act. This important piece of legislation would expand access to affordable agricultural real estate and rural home loans by creating a tax exemption for interest-income received by a qualified lender on agricultural loans and home mortgages in rural communities.
That means as much as $1.15 billion in annual interest savings for farmers, ranchers, and rural homeowners in over 17,000 rural communities across the country.
Write to your federal lawmakers and encourage them to co-sponsor this important piece of legislation and help make access to credit more affordable for rural America.