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How to create a Farm Credit Line of Credit account in Quickbooks?
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dpilot83
Posted 3/19/2017 18:16 (#5909983 - in reply to #5909955)
Subject: RE: How to create a Farm Credit Line of Credit account in Quickbooks?



Luckyfarmer - 3/19/2017 18:06

Or............are you saying you don't have to go ask farm credit to borrow on your credit line? So if you had a $100K credit line and wrote a $20k Check to the seed company, and $40 k check to the fertilizer plant your credit line balance automatically increases $60k without having to go into the bank to borrow funds and you have $40K of room left?

Yes, this is how Farm Credit works.

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