Re: East Timor and U.S. Policy

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#1309

From: Lawrence F. London, Jr.
Date: Sun, 12 Sep 1999 00:00

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On Sun, 12 Sep 1999 09:51:12 -0400, "Tom Gauldin"
<scoundrl@mindspring.com> wrote:


>Nope- I never did a farm deal in my life.  Back in the 1970's there
>was a big fad among lenders to do farm loans.  I ran a few
>spreadsheets on my own and told our producers to avoid farm lending
>like the plague.  The loans didn't make any sense- and neither did the
>appraisals based upon the income approach to value. 
>I concluded that farming was merely a very expensive hobby.

What size were the farms seeking loans? 
What were the loans for, equipment, repairs, 
land, getting crops in and arvested? All of the above?

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From: lflondon@worldnet.att.net (Lawrence F. London, Jr.)
Subject: Re: East Timor and U.S. Policy
Date: 1999/09/12
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