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Honored Advisor
Posts: 11,091
Registered: ‎05-13-2010
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Re: Do guys go broke anymore

We've always preferred to work with Farm Credit, and have never had a moment's problem with them.  We keep a line of credit open there, mostly so we can move fast if we want to without taking a beating on time deposits and other investments.  That way, if we want to make a big purchase, it can be done without upsetting the store of "rusty money." 

I do think they were saved from their own lust for easy money in the refusal to broaden their charter to the general mortgage market.  Who's to say if they would have remained as interested in ag, if not basically forced to do so???