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Farm loans
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Loner
Posted 8/20/2024 18:10 (#10859378 - in reply to #10859165)
Subject: RE: Farm loans


I was approached by farm credit 10 years ago to set up a operating line of credit. I had no idea how i would ever pay back the amount they offered and declined. It appeared to me there was no end, it was a trap to borrow money on anything you wanted. It explained all the ltz duramax trucks and 10k fuel trailers running around. If the $ amount per acre didn't change from the peak fertilizer cost a.few years ago, I believe guys can't fully pay back these lines of credit this.year.
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