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What Is an Agricultural Bank?
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An agricultural bank, also known as an AG bank, is a type of financial institution that provides specialized financial services to farmers, agribusinesses, and other rural clients to help them manage their finances, invest in their operations, and grow their businesses. In comparison to other types of banks AG banks often have a more specialized understanding of the unique risks and opportunities of associated with the agricultural sector.
We recently spoke with Brandt Hutchcraft and Steve Taets, who are loan officers with Farmers National Bank in Illinois to better understand the services and differences agriculture banking offers.
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