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Farmland financing is designed to assist farmers and agricultural businesses to acquire, expand, or improve agricultural land and operations. It encompasses a variety of financial products tailored to the typical requirements of the agricultural sector. Farmers can make informed decisions to secure the financing they need to proceed in the agricultural sector by comprehending the various loan products, eligibility criteria, and potential risks. The key eligibility requirements include credit check (evaluation of the borrower’s credit history, financial statements, and overall financial health; Business Plan; outlining the agricultural operations, income projections, and management strategy); Collateral (Farmland and other agricultural assets often serve as collateral for the loan), and Appraisal (Professional appraisal of the farmland to determine its market value).
AGRICULTURAL LOAN
Land Mortgages.
Financing farmland and buildings.
Long-term financing.
Expanding existing farm operations.
LINE OF CREDIT
Purchasing land.
Improving cash management to help you operate your farm.
Financing equipment.
Dealer Financing Program, offered by some lenders, allows the borrower to finance new or used farm equipment though a participating dealer. One of the benefits is to apply at your dealership and work with agriculture experts. However, you have also the option of going with a private sale.
EQUIPMENT LOAN
Flexible and convenient financing tailored to the needs of feeder cattle & breeding livestock producers.
Unique products built for cattle producers.
Purchasing and financing livestock at the same place.