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As a party who supplies hay, grain or other feed or production inputs to a farm, ranch or dairy, you can be in the position of providing credit. When banks extend credit lines for feed, equipment or livestock, those are secured by collateral in the item purchased or other property.
Although the economy is apparently strengthening, gross domestic product (GDP) is growing slowly and quarter-to-quarter change is uneven.
Real GDP – the output of goods and services produced by labor and property located in the U.S. – increased at an annual rate of 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the fourth quarter), according to the “second” estimate released by the Bureau of Economic Analysis.
