Posted on March 19, 2018 in Dairy Performance
By Gary Sipiorski
Lenders of all kinds – banks, Farm Credit, credit unions, equipment manufacturers and others who make credit available to farmers – have many financing options.
You may have heard many of the following terms, but it can be tough to understand what they mean for you. Lenders live and breathe this terminology daily while farmers many only hear the terms once a year.
Here are some of the more common lending “products” as they may be called by someone doing the financing. Always remember, each lender will have his or her own policies, additional terminologies and methods. In no way is should this list be considered complete.