|
SD/ND/FL | I called a banker friend in Fargo and I asked him if they're lending money against new stock purchases. He said yes with a "decent" amount down, whatever that means. I said, "you must not be worried about the co-op going under?". His response, "Nope, cause our bank will be out of business and I'll be out of a job before that happens" (I assumed he meant that many growers/customers of his bank would be bankrupt first). Not the best credit analysis in my opinion! | |
|