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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 4/22/2022 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday. Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.
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A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The crops that are grown include cotton, coffee, tea, cocoa, sugar cane, opium, sisal, oil seeds, oil palms, fruits, rubber trees and forest trees. Protectionist policies and natural comparative advantage have sometimes contributed to determining where plantations are located.
In modern use the term is usually taken to refer only to large-scale estates, but in earlier periods, before about 1800, it was the usual term for a farm of any size in the southern parts of British North America, with, as Noah Webster noted, “farm” becoming the usual term from about Maryland northwards. It was used in most British colonies, but very rarely in the United Kingdom itself in this sense. There, as also in America, it was used mainly for tree plantations, areas artificially planted with trees, whether purely for commercial forestry, or partly for ornamental effect in gardens and parks, when it might also cover plantings of garden shrubs.[1]