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Banks calling in Ag loans ?
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redoak
Posted 3/17/2023 12:51 (#10144715 - in reply to #10144694)
Subject: RE: Banks calling in Ag loans ?


sw ontario
KRM - 3/17/2023 13:38

Yes you are correct, but there is ALWAYS another side to the story. To say a bank would call in a perfectly performing loan of a perfectly performing customer just raise the interest rate to benefit the bank is stretch. A couple things are going on for that to happen. The customer is failing, or the bank is failing (getting desperate), or BOTH. I just have a problem with the blanket "Banks" in the post title. VERY VERY few ag banks will possibly be in this position. That's my opinion based on my experience as an ag banker in middle america.


Farmed through the '80's turmoil, i never seen banks or FCC call any loans on those who were viable & honest.

The worst thing I seen a bank do was get a 'richer' family member to co-sign a note knowing that the borrower had little chance of succeeding but co-signer covered bankers butt
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