SPX 9.09% 1.0¢ spenda limited

I don’t believe they are lending against the farm. (My...

  1. 681 Posts.
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    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.
 
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