Minnesota Representative Michelle Fischbach introduced the Invest in Rural America Act. This bill would codify the ability for the Farm Credit System to work with local banks on behalf of rural communities. “I don’t care where you go across Minnesota or across Rural America, there’s just a huge need for capital to help support our rural communities whether it’s a hospital, senior living, child care or whatever,” said Perry Aasness, vice president of legislative affairs, Compeer Financial. “We think there’s a way that Farm Credit can work with banks to help bring that capital back and support those rural communities.” Aasness said there are no additional costs associated with this program.
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