Senior Vice President, Agriculture and Rural Banking Policy
American Bankers Association
Elfmann serves as Senior Vice President of Agricultural and Rural Banking Policy for the American Bankers Association in Washington, D.C. ABA is the voice of the nation's banking industry, and nearly 4,000 banks - 80 percent of all banks nationwide - have agricultural loans within their portfolio. Elfmann has been with ABA since June 2012, and he is ABA's head of policy on agricultural and rural credit and lending issues. In addition to agricultural policy, Elfmann works on swaps and derivatives policy, financial services, and appropriations for ABA. Elfmann currently serves on the Chicago Mercantile Exchange's Agricultural Markets Advisory Committee and the Commodity Futures Trading Commission's Agricultural Advisory Committee. In 2015, he was selected to participate in ABA's Leaders at all Levels leadership program. A central Minnesota native, Elfmann grew up on a dairy farm where his family still farms corn, soybeans, and steers, in addition to their grain trucking business. Prior to joining ABA, Elfmann was an agriculture and transportation policy advisor for a Congressman on the House Agriculture Committee. Additionally, he has worked for the U.S. Department of Transportation, and the National Corn Growers Association. Elfmann earned his master's degree from the George Washington University Graduate School of Political Management. He earned his B.A. from Hamline University in St. Paul, Minn. Additionally, Elfmann is currently the President of the Agribusiness Club of Washington, D.C., and Treasurer for the Friends of Wagner Farm Board.