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Agricultural Credit |
Also found in: Encyclopedia | 0.01 sec. |
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Agricultural Credit Any loan or other extension of credit that a bank provides for agricultural or other rural use. Most agricultural credit finances farmers or ranchers as they plant crops, buy equipment, harvest, or do other things necessary for operations but from which profits will not be realized for quite some time. The term of agricultural credit depends on how expensive the product or project it intends to finance is. See also: Federal Farm Credit Bank, Farmer Mac. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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