As a young, beginning farmer, you face a number of challenges, including:
- Having enough equity or risk bearing ability to finance an agricultural operation.
- Having the capacity to absorb the risk.
- Developing the management skills and experience needed to manage the business.
AgCountry Farm Credit Services can help you meet these challenges by offering:
- Special exceptions to credit underwriting.
- Special pricing considerations when personal guarantees are provided to reduce loan risk.
- Special pricing on AgCountry records programs.
- Introductory business transition planning sessions.
- Scholarships for continuing farm management education.
- Loan officer time devoted to doing financial analysis of past years and projections.
Are You Eligible for These Offerings?
YES, if you are a farmer, rancher or producer with 10 years or less of farming or ranching experience, or are age 35 or younger.
Exceptions may be made to credit standards, such as owner equity and working capital ratios, capital debt repayment capacity and collateral levels, when circumstances merit. Each situation will be considered on an individual basis. Loan officers will look for a sound business plan with projections.
Rates are determined by your financial position. However, we have special pricing options available under certain limitations:
For young and beginning farmer loans with a personal guarantee, we will provide a rate consistent with the added strength of the personal guarantee.
Government guaranteed loans also have a specific pricing advantage.
Loan Guarantee Assistance
We can assist qualified farmers in obtaining loan guarantees available through the Farm Service Agency farm loan program. If the services of an outside firm are used to prepare the guarantee application packet, we will pay up to $300 of the fee charged by the outside firm. (Limited to one time per year per borrower.)
Financial Service Assistance
A three-year incentive will be offered to those who use our records program in conjunction with a loan relationship.
Business Education Reimbursement
Scholarships are available to young and beginning farmers for appropriate farm/business management classes or self study materials.
Looking For More Information?
Click here to request more information on our Young and Beginning Farmer program.