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Loans

Ag Credit Loans

Straightforward financing personalized to fit your needs. 

Whether you're building a legacy for your family or providing income, we know how important your farming operation is. You need a loan product to match your goals. Contact us today to see how we can help you. No matter what you're looking to do in the country, we can help.

The Ag Credit Advantage

  • Local, personalized service
  • You’ll have a dedicated loan officer throughout the entire process
  • Staff understands farming needs
  • Patronage program
  • No acreage limits
  • Long-term fixed rates
  • Build now or later

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Think you're ready to get a loan with Ag Credit? Let us know and we can help you get started. 

“With the help of Ag Credit, we just built a state-of-the-art, 60,000-square-foot poultry house”
Martin Wildon, 5 W Farms

Calculate your monthly payment

This loan calculator computes monthly payments & the total interest based on the purchase price, downpayment amount, interest rate, and number of monthly payments. 

Your actual payment information may vary and the accuracy of the results is not guaranteed. Your actual interest rate may vary depending on your financial position, value of collateral pledged, the amount, term and purpose of the loan and your credit standing.

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Rates

Fixed

Fixed rate loans have the rate of interest being charged “fixed” for up to 30 years. The interest rate on all fixed rate loans is fixed for the full term of the note. This allows you to know your annual interest expense throughout the life of the loan. Agricultural fixed rate loans are not subject to a prepayment penalty if the original term does not exceed five years.

Variable

Variable rate loans have an interest rate that can vary up or down during the term of the loan. The rate being charged on variable rate loans is tied to the Prime index. The Prime index is a retail interest rate that is generally controlled by major U.S. money center banks. It typically moves infrequently and usually in large increments (i.e. 25 basis points). The Prime is the “Wall Street Journal” published Prime Rate.

Terms

Long-term Loans

Long-term loans are for amortization terms up to 30 years. Typical uses for these loans include real estate purchase, dwelling and facilities construction and farm improvements. The interest rate options for long-term loans include fixed rates, balloon rates and variable rates.

Intermediate-term Loans

Intermediate-term loans are for amortization terms of 1 to 10 years. Typical uses for these loans include machinery and equipment purchases, breeding livestock purchases, capital improvements and vehicle purchases. The interest rate options for intermediate-term loans include fixed rates, balloon rates and variable rates.

Short-term Operating Loans

Short-term loans are intended to cover operating expenses and feeder livestock purchases that typically occur within a one year cycle. Typical uses for these loans include funds for labor, seed, fertilizer, chemicals, equipment repairs and farm family living expenses. Other uses could be for stocker cattle, feed and related veterinary costs. The interest rate option for short-term loans is typically a variable rate.

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