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Loans called in the 80’s vs what could happen now?
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GrainTrader
Posted 1/27/2021 20:56 (#8787622)
Subject: Loans called in the 80’s vs what could happen now?



20 Miles West of Indianapolis Indiana
I hear some horror stories of farm credit in the 80’s calling some loans on guys who could make the payments still.

They are the best show in town currently here though with locked in long term rates and the patronage dividend. Have considered if I buy another farm I’d look elsewhere to spread my risk between a different lender.

But wondering if what was in the language of loans in the 80’s was still in most land mortgages that are locked in interest rates ? I realize it’s irresponsible that I have to ask This and don’t know myself, but that’s the case...
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