True or False? The term of an Agri-Link loan can exceed 15 years.

The assertion that the term of an Agri-Link loan cannot exceed 15 years is based on specific regulations governing these loans. Agri-Link loans are designed for agricultural producers and come with terms that typically cap at 15 years. This limitation is in place to ensure that loan repayment is manageable within the business cycle of agricultural operations, which often have shorter time horizons compared to other investments.

While there are other loan products that may have different term lengths based on various conditions, the standard terms for Agri-Link loans are explicitly defined. This helps maintain consistency and predictability for borrowers within the agricultural sector. Therefore, stating that Agri-Link loans cannot exceed a term of 15 years is accurate.