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- W1566171097 abstract "The agricultural industry in the United States annually has needs for millions of dollars to finance the goods and services that it produces for the marketplace. The products range from raw grain and seed to expensive and complex pieces of machinery to produce these goods. Nationwide, the industry is very complex, and it would be impossible to cover every financing need in this article. My experience in this area relates to agricultural credits in the soutl~western United States, and I would like to briefly discuss some of the problems and solutions to financing the agricultural industry. Fidelity Bank, N.A., of Oklahoma City is a regional bank with total assets of approximately $660,000,000. It is a downtown commercial bank in Oklahoma City which is heavily involved in correspondent bank services. At present, Fidelity has 330 correspondent bank customers. These banks are primarily located within the state of Oklahoma, with a small number of correspondent relationships from banks in the surrounding states. The state of Oklahoma has 491 banks which are individually owned, and a large majority of these banks are located in rural communities. Agriculture is the No. 1 industry in Oklahoma. Financing for this industry is provided by a variety of financial institutions, including country banks, regional banks, Agricultural Credit Corporations, Production Credit Associations, Farmers Home Administration, and Federal Land Banks, as well as by companies producing agricultural equipment, products, and services. There are a numb& of problems that regional banks face in trying to finance the agricultural industry:" @default.
- W1566171097 created "2016-06-24" @default.
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- W1566171097 date "1980-01-01" @default.
- W1566171097 modified "2023-09-27" @default.
- W1566171097 title "Financing the agricultural industry by regional correspondent banks" @default.
- W1566171097 hasPublicationYear "1980" @default.
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