The Atlanta Journal-Constitution reported that public records
reveal the governor got the loan from AgGeorgia Farm Credit in
Perry on collateral worth just 19 percent of the loan's value, an
Perdue declined to comment on the loan, which is due by March 1.
Because he is not running for office again, Perdue is not
required to disclose the details of the loan.
The loan is worth almost three times his personal assets of $6.1
million, which he disclosed in his latest statement of his finances
Unlike the most three recent Georgia governors, Perdue did not
place his financial interest in a blind trust while in office.
The governor has said his Bonaire grain businesses - Houston Fertilizer
& Grain Co. and AGrowStar LLC - would have suffered if he had put
them in a blind trust.