Perdue said the minimal payment would be $15 an acre. “We’re anticipating right now three tranches; probably 50 percent … or minimum there of $15 an acre initially,†he said, adding the second and third tranches would be dependant on market conditions.
Craig Ratajczyk, chief executive of the Illinois Soybean Association, said the $15-per-acre minimum would make agricultural lenders more comfortable.
“This will help provide some type of stability for that type of lending institution. It’s confidence,†he said on the sidelines of an agriculture technology conference in Chicago
Craig Ratajczyk, chief executive of the Illinois Soybean Association, said the $15-per-acre minimum would make agricultural lenders more comfortable.
“This will help provide some type of stability for that type of lending institution. It’s confidence,†he said on the sidelines of an agriculture technology conference in Chicago
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