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AGRICULTURE LINE OF CREDIT
- A line of credit allows you to be in a financial position to access money when you need it. Such as for pre-purchasing inputs when prices are low or to pay bills that are due prior to marketing of gain inventory or livestock.
- A line of Credit is available at a much lower interest rate than that offered on
credit cards. Interest on the line of credit is charged only on the
amount outstanding, not the full amount of the authorized line.
- There is no other monthly fee for the line of credit other than the
interest; however there is an annual review fee.
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