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Article: The catfish are jumping, and so is the lending.(Agriculture)
- Article from:
- American Banker
- Article date:
- April 1, 1996
- Author:
CopyrightCOPYRIGHT 1996 SourceMedia, Inc. 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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Squirming in a mesh basket as they're scooped from a murky pond, hundreds of catfish are about to be trucked off to a local processor.
Watching some of the 60,000 live catfish being hauled from the ponds at the Roberts Brothers' 250-water-acre Sunflower County catfish farm, Tim Mood, vice president of $129 million-asset Community Bank, Indianola, has a rare opportunity to see the product he's financed.
But Mr. Mood and other Mississippi Delta aquacultural lenders don't have to see a catfish to believe in it.
"This is a part of the portfolio that we are aggressively trying to grow," Mr. Mood said from the white Chevy truck he has steered down a thin ...