Loans and Leases
If you've been in agriculture for longer than a year, you already know it takes money. Regardless of size, farming takes thousands of dollars just to cover annual operating costs. Then you have to deal with worn-out equipment, capital improvements to your operation, or expansion. The bottom line is that the great majority of farmers need to borrow money at one time or another.
When you borrow at Farm Credit, you can lower your interest expense through patronage refunds -- so you pay less for the money you use. We have a full range of flexible payment plans that allow you to pay monthly, quarterly, semi-annually or annually, and each has an account draft option.
We don't sell checking accounts, savings accounts, CDS or trust services. We don't require compensating balances when you establish a long-term loan with us. Our job is to provide credit to rural America. Read more here to see if you are eligible to borrow from Farm Credit.
Real Estate and Farm Improvement Loans
Purchase or refinance agricultural real estate or home sites. Fixed, variable and adjustable rate mortgages are available with repayment terms tailored to your cash flow.
Equipment Loans
Upgrade or replace inefficient equipment and take advantage of dealer cash discounts by financing through Farm Credit. Upon receiving loan approval there is a full array of flexible terms and interest rates available to meet your needs.
Operating Loans
Revolving and annual lines of credit are available to farm owners and operators. Payment schedules are established to coincide with receipt of crop income or livestock sales. An operating loan may allow you to run your spread more efficiently by allowing savings through cash discounts, locking in prices by paying ahead, and tax benefits for prepayment of certain expenses.
Irrigation Loans
Make sure your operation prospers through drought conditions by arranging an irrigation loan through Farm Credit. Your yields will be higher which means higher profits. We have a full range of interest rates and terms to fit your needs.
Vehicle Loans
Farm Credit provides vehicle loans to the ag land owner and/or operator for either family or farm use on both new and used vehicles. We can finance any type of vehicle: car, van, truck, SUV, motorcycle, camper, or motor home. Competitive terms and interest rates are available.
Consumer Loans
If you qualify Farm Credit can make you a loan for a family member's college tuition, or to buy a boat, airplane, condominium or a second homes on the beach or to build that mountain retreat you've always wanted.
Leasing
In addition to comprehensive loan services, we also offer leasing plans that may allow you significant purchase price advantages. Leasing may also help you realize a tax advantage. Talk to a Farm Credit loan officer to get all the details about leasing and see what's best for your situation.
Clean-up Clause: A clause in the Loan Agreement which requires that the loan be repaid to a zero balance for a specified period of time, usually for a 30 day period within the 12 months.
Prime: It is an administered rate set by the Chairman of the Federal Reserve. It typically lags market rates.
LIBOR: London Interbank Offered Rate. It is a rate at which one bank is prepared to lend to another bank in the Euro deposit market. It will quickly reflect current market conditions.
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