Loans extended to farm and ranch operations to assist in planting and harvesting crops and to support the feeding and care of livestock are known as:
A)real estate loans.
B)commercial and industrial loans.
C)land loans.
D)agricultural loans.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

Agricultural loans are specifically designed to assist farm and ranch operations by providing funds for planting and harvesting crops as well as caring for livestock. Real estate loans are typically used to purchase land or buildings, commercial and industrial loans are for non-farm related businesses, and land loans are focused on the acquisition of undeveloped or raw land.

Loans Extended to Farm and Ranch Operations to Assist in Planting