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CRA - Logging Company a Small Farm Loan?

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Question: 
Are logging companies considered small farm loans for CRA?
Answer: 

Loans for forestry purposes are reported as small farm and logging and forestry are grouped together for NAICS purposes. If the company doing the logging raises the trees, I would report it as small farm. If it is a firm that just goes in and logs in forests owned and cared for by other firms, I would be more inclined to call it small business, as there is no agricultural aspect to what they do.

First published on BankersOnline.com 5/04/09

First published on 05/04/2009

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