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n. Illinois | Banks are at a huge disadvantage when it comes to farm RE loans. They have to pay federal income taxes on their income Farm Credit still uses the Federal Land Bank to hold all Real Estate loans and they don't pay federal income tax. Whenever I can do a tax free deal I am able to knock out about 1% on the rate and still have the same income level vs. a loan that a bank has to pay taxes on. Credit unions have the same advantage in that they pay no federal income tax. | |
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How does Farm Credit raise money
