Commercial Banks
What Are Commercial Banks?
An institution that accepts deposits and offers checking and savings accounts
What system was made in 1916 by congress
Farm Credit System
What USDA agency provides farm loans
FSA or Farm Service Agency
Flexible, less regulated loans
Individual or family loans.
These companies provide services like banking, investing, and insurance.
Financial service Companies
What is the largest source of non-real estate loans in AG
Commercial Banks
What organization regulates the Farm Credit System
Farm Credit Administration
What department oversees them
USDA, United States Department of Agriculture
What provides raw goods to businesses
Suppliers
What company is best known for online payments
PayPal
These fees include monthly maintenance and NSF charges along with others
Bank Fees
What type of ownership style does the farm credit system use
Cooperative
these loans given are commonly called disaster loans
Emergency Loans
These sellers sell directly to consumers
What services help protect money against risk
Insurance
This Commercial bank can be found on campus.
CBTx
Typical interest rates of the Farm Credit System
5-7%
What sized farms does the FSA work with
Family sized/ small farms
what are the sources of an individual loan
Friends, family, AG companies, and manufacturers.
Who is the largest finacial service comapny in Texas
Southside Bank
What is the current average interest rate of a non real estate loan (according to google A.I)
12.4%
How many local associations are in the Farm Credit System
About 70
What is the system that states a borrower must be unable to obtain sufficient credit before using FSA
commercial credit sources
What is a major advantage of borrowing from individuals.
Flexible Payment Schedules.
Fill in the blank for each
Banks - ____ Money
Investors - ___ Money
Insurance - ___ Money
Financial Technology - ____ Money
1. Hold
2. Grow
3. Protect
4. Move