Debt restructuring guarantee in high demand

Heather Hampton Knodle

American Bankers Association, 1999, vol. 12, issue 3

Abstract: Carryover of 1998 operating loans, high on-farm inventories and low commodity prices - especially hog prices - have forced many Illinois farmers to reassess their financial positions. The Illinois Farm Development Authority (IFDA) offers a debt restructuring guarantee that has allowed hundreds of farmers to stay in business and many banks to continue providing service to their clients. IFDA guarantees up to 85% of a loan up to $500,000.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/336473/files/ers2022-23-0430.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:abajal:336473

Access Statistics for this article

More articles in American Bankers Association from American Bankers Association > Journal of Agricultural Lending
Bibliographic data for series maintained by AgEcon Search ().