Agricultural Credit

Given the number of Amazon packages that arrive at your house each week, we're pretty sure you're familiar with the concept of credit. Just in case those packages only come because Alexa can't tell that you talk in your sleep and you dream a lot about USB cords and waist-control yoga pants, here's a brief summary: credit is when someone loans you money.

Agricultural credit is had when someone loans you money to grow crops or raise animals, or basically do the kinds of stuff that farmers do. This may seem like a strangely specific form of credit, but remember that agriculture is highly dependent on credit. Farming requires a large amount of investment capital (seeds, animals, fertilizer, big equipment, etc.) and is seasonal, meaning the farmer has expenses for a long time before he or she has a chance of bringing in any revenue.

So agricultural credit might seem highly specific, but it is also very common. And given our roots as a nation of farmers, we've always had a soft spot for those who have had a dog, and BINGO was his name-o.