Posted 4/26/2017 08:14 (#5982859 - in reply to #5982836) Subject: RE: Line of credit limits
chadlit - 4/26/2017 08:01 NO! You cannot use any equity in the crop as it is not guaranteed income. If you are using the crop as a working capital asset in your balance sheet you are not doing yourself a favor. I use to do this as well, but it is not correct.
Isn't that the reason why most lenders require Federal Crop Insurance for an operating note?
Line of credit limits
