Loans

When you’re just starting out as a farmer or entering the first couple years of operating your new farm business, you’re focused on running your operation right and building your business. We specialize in helping new, beginning and first-time farmers like you make sound financial decisions that work with your cash flow, not against it. 

• Young farmers = anyone age 35, or younger, at the time of loan request
• Beginning farmers = anyone who has never farmed or has been involved in farming 10 years, or less, at the time of loan request

Borrowers may qualify for one, or more, special loan considerations based on individual business plan and credit factors.  

• Modified credit standard for cash flow or repayment equity
• A discount or adjustment in interest rates
• Modified collateral standards for operating loans
• Payment of loan guarantee fees, if required
• First-time real estate or buyer credit
• Financial and farm management education and training requirements, if advised by loan officer or Farm Credit

Our Fresh & Local Loan Program is designed to assist smaller, non-traditional producers who produce protein, vegetables, or other agricultural products and sell directly to local consumers.

$50,000 maximum loan amount per borrower/entity.

Examples include, but are not limited to:

• Honey from personal beehives
• Soap from personal goats
• Jams/jellies from personal berries or orchard
• Produce from personal garden/farm

Available for real estate purchases, improvements, specialty equipment, small tractors, plants, annual operating costs, small buildings, etc.

• Little or no collateral required (terms and business plan will dictate)
• Relaxed credit standards
• Little or no down payment, on a case-by-case basis
• 1-3 year loan terms (longer terms as appropriate)
• All regular loan payment and collection requirements apply

Farm Credit respects the commitment made by military personnel and their families. Our Military Loan Program offers an interest rate discount, designed to assist our military with the purchase of farms of any size, land, homes in the country and more.

Who qualifies:

• Current military personnel with proof of CAC (ID card)
• Persons honorably discharged from any branch of the U.S. military (with proof of Department of Defense form #214, member copy #4)

Program benefits:

• One-time interest rate discount on fixed-rate loans
• Discount applies on the first $400,000 of loan amount, for the life of the loan
• If the loan is greater than $400,000 (not including stock and fees), two notes will be prepared and the second note will have a regular interest rate, without the discount
• No origination fees​

Are you an FFA or 4-H member with a livestock project? If so, you may qualify for a Youth Loan up to $2,500 to finance your next 4-H or FFA animal.

Youth Loan applications require:

• Parent, grandparent, or legal guardian approval and willingness to serve as co-maker on the loan
• 4-H or FFA leader approval
• Basic written plan for how you plan to use the funds, including your repayment plan

Parent, grandparent, or legal guardian must be credit worthy and agree to repay the loan themselves if the need should arise. Youth Loans have a nominal interest rate that covers Farm Credit's cost of funding, only. Farm Credit does not make a profit on youth loans. 

Complete the Youth Loan application form and drop it off at your local Farm Credit office.

Getting into poultry production isn’t easy these days. We have a special loan program designed just for young producers wanting to buy a poultry farm or build poultry houses.  

You may qualify for one or more special loan considerations.

• Relaxed down-payment requirements
• Discounted appraisal and loan origination fees
• Competitive long-term, fixed interest rates