You should also know the person's financial condition. For example, implement dealers may provide financing for large purchases while seed, fertilizer and other seasonal dealers may allow you to pay for goods on time. Name four private sources of credit available to agriculturalists. Discuss getting a loan from an individual. Interview a local banker and find out what kinds of services are available to you.
Insurance companies are a good source of operating credit.
Banks are a good source of long-term real estate loans for agriculturalists. Insurance companies usually limit their lending to agriculture. Test Key 1. Since banks must pay their depositors on demand, they may need cash in a hurry and can't afford to have it tied up in long- term loans. It is important to know the individual making the loan.