NEWS
DTN Business Blog
Marcia Zarley Taylor DTN Executive Editor
Wed Jun 27, 2007 03:05 PM CDT

Taylor, DTN: About all that some lenders say they need to see today for a $300,000 mortgage is a financial statement (with debt-to-asset ratio and net worth) and a credit report. This week's "Minding Ag's Business" guest Doug Stark, CEO of Farm Cedit Services of America, is discussing the issue of split-second credit approvals with DTN readers. They can comment at www.dtnag.com or email comments to me.

So I'd like to ask Doug to elaborate a bit. Isn't this kind of fast-credit automation relying on equity lending, the kind of loan practice that got people into trouble during the 1980s debt crisis? ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Ag Interest Rate Snapshot
Tyson to Sell Heinold Unit
Woodbury: Farm Family Business
US Farm Incomes Forecast to Fall
Minding Ag's Business
Minding Ag's Business
DTN Ag Business Benchmark
Rents Resist Price Relief
Minding Ag's Business
Deere to Lay Off 460 on Weak Demand