What young farm families should know about credit
Department of Agriculture, Economics, Statistics, and Cooperatives Service, 1979 - Credit - 17 pages
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ability amount of credit annual interest rate appliance appraise Ask the lender automobile borrow money bother of pay buy a farm cash price chattel mortgage Commercial banks consumer credit consumer loan department cost of credit credit rating drought emergency extra pay farm business farm lenders Farm-mortgage loans Farmers Home Administration farming operations Federal land banks fees finance charge FmHA offers foreclosure funds higher interest rate income situation insurance companies interest charges interest cost invest kinds of loans lender may let lender or creditor loans are available loans are usually long-term loan machinery ments Merchants and dealers monthly payments Monthly rate mortgage loan Operating loans operating your farm pay the interest pay your debts paying cash PCA loan production credit association savings bonds shorter term sources spending Suppose you borrow term credit term loans terms range tion true interest rate Truth in Lending unpaid balance