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Roseglen, North Dakota | Your situation of paying ahead would be somewhat rare. Not everyone has the money in their account. Thats why thry took a loan in the first place. Here the loans are often for 100,000 bushels or more. You have 2 choices:
1. Pay the loan off with your money or the banks, and then haul.
2. Notify them you're hauling and where. You will get a check from the elevator for the difference.
It's not complex at all. Just another tool in the farmers toolbox. | |
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CCC Commodity Loan
