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Article: Makeover Needed.(agri finance criteria)
- Article from:
- Top Producer
- Article date:
- November 13, 2004
- Author:
CopyrightCOPYRIGHT 2004 Farm Journal Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Laura Sands and Marcia Zarley Taylor
Today, highly profitable operator Marty Klinker is the kind of borrower the Farm Credit System would be eager to include in its portfolio-if only the Fairfield, Mont., grain producer qualified.
As a young farmer with several years of carryover debt and a 60% debt-to-asset ratio in the early 1990s, Klinker launched a parking lot maintenance and landscaping business to extend his season and supplement his farm income.
That initiative helped convince his nervous Farm Credit lender that he was a good risk. Now, Klinker's satellite business far eclipses the revenues he earns from grain farming.
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