According to the most recent (March 2014) Kiplinger Agriculture Letter, “more and more farm loans are going to young farmers in new ventures.”
New ventures typically include small urban and exurban agriculture operations, many of which provide local grocers, eateries, and “foodies” with fresh, organic herbs, vegetables, and more.
This new trend in farm credit to young farmers points to the fact that many new ventures are opening up in particular farming realms – realms that serve to diversify and boost production. For example, raising bees to supply honey at local farmer’s markets, stabling pet horses, agritourism ventures, and similar farming pursuits are all the rage these days.
Whether you are buying a new farm or making long-term improvements to your new farm, Bankers South’s special AgAmerica Lending Program has an agricultural loan that will fit your ventures’ needs. Bankers South is proud to be the only ag lending company in the Southeast authorized to offer AgAmerica farm loans, which cover all facets of farming, from blueberry farms to larger peach orchards. When it’s time to start, expand, and/or enhance your agricultural operation, these loans are a smart choice. In fact, interest rates for these loan types often beat all other agriculture loan programs and also offer flexible payment plans!
If you are a young farmer seeking farmland financing options for your new or existing venture, contact one of our ag loan experts!