Farm Cash Management® (FCM®) links your AgCountry line of credit with an AgriBank Money Market Investment account. When you have a loan balance, FCM will manage your funds to minimize your cost of credit. If you have more funds in your account than are needed for your loan, FCM will automatically invest them so you can earn significant interest.
FCM Can Cut the Cost of Your Operating Loan.
Delivering your business receipts directly into your revolving line of credit can reduce your cost of borrowing by keeping your loan balance minimal. Using Credit Line drafts to pay bills can save even more because you do not incur any interest expense until your draft is actually processed.
FCM Pays Good Interest Without Tying Up Your Funds.
AgriBank Money Market investments earn an interest rate that is comparable to a 3-6 month CD, but your money stays liquid and is always available to you. You can reclaim your money at any time in the same way you might otherwise access your revolving line of credit – online, telephone, local office, or Credit Line draft.
FCM Interest Earnings are Exempt from State & Local Income Taxes.
Since the funds you invest are used by AgriBank to fund loans under the Farm Credit Act, your earnings are not subject to state or local income taxes. This feature may significantly increase the return on your investment.
Establishing an FCM Account is Easy.
We can show you how to establish a Money Market investment account at AgriBank, FCB, in St. Paul, MN, and link it to your local, revolving line of credit.
Start Benefiting from Farm Cash Management® Today!
Invest your money where it will stay liquid while earning an attractive interest rate that is exempt from state and local income taxes. Having a Credit Line account allows you to reclaim your investment whenever you wish at no cost unless you draw on your line of credit.