I don’t believe they are lending against the farm. (My understanding and I could be wrong) is that they will lend against the product. If you are selling 1000 head of cattle for x and won’t receive payment until cattle have reached the end destination in 3 months time. Transport, feedlot, saleyard, more transport final destination. They will lend on this contract.
SPX Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)