Free Financial Resources for Farmers with Ag Loans
Farmers face unique financial challenges, from fluctuating market prices to unpredictable weather conditions.
The combination of high input costs and lower commodity prices is creating financial strain for farmers. According to the latest USDA data, net farm income is forecast to fall 27 percent in 2024. And with nearly a quarter of operators managing one or multiple ag loans, the current high interest rate environment is surely adding fuel to the fire.
In times of economic contraction, AgAmerica understands that access to the right financial resources is crucial for maintaining and growing your farm or ranch into a booming agricultural operation. To help you do just that, here is a brief overview of several free financial tools and resources available to help you secure, manage, and adapt your ag loans to serve you and your operation best.
Four Free Resources for Farmers and Ranchers with Ag Loans
1. Financial Tools
Farmers need reliable data and tools to manage their finances effectively. AgAmerica offers several free financial tools that can assist farmers in maintaining financial health and planning for the future.
Financial Health Check Tool
This tool was developed by AgAmerica’s most experienced underwriters to help farmers measure their financial health through the analysis of key financial metrics. Its goal is to help farm operators get a clearer picture of their operation’s current financial standing and make more informed financial decisions about their ag loans.
Want to try it for yourself? Click the link below.
Farm Loan Calculator
AgAmerica’s free farm loan calculator helps rural landowners estimate their loan payments and determine the best financing options for their operations. It’s an invaluable resource for selecting or managing your ag loan and securing the best terms for you.
Try it by clicking the button below.
Balance Sheet Template
Keeping a well-maintained farm balance sheet is necessary to gain an accurate picture of your farm’s financial position. Download AgAmerica’s easy-to-fill farm balance sheet template and resource guide below to help you through the process.
2. Financial and Industry Insights
Staying informed on market trends and risk management strategies can only benefit you when making hard decisions about your ag loans and financial future. Here are some free industry insight AgAmerica provides to help farmers stay in the loop.
AgAmerica Newsletter
Understanding market trends and implementing risk management strategies can help you navigate financial uncertainties. AgAmerica offers a way to get resources and insight sent directly to your inbox through our biweekly industry newsletter.
Farm and Finance Blog
Can’t wait for the newsletter? Fortunately, you don’t have to. Find featured articles like this one and more on the AgAmerica blog. From there, you can filter content to find what interests you most. Explore our farm blog library to learn how you maximize the potential of your ag loans and adapt to current market opportunities.
Farm Reports and Whitepapers
AgAmerica’s farm publications provide valuable insights into a range of farm-related topics through the lens of leading industry experts. Topics include ag loan requirements, industry trends, market forecasts, farm policy, and more. Click below to access our free farm report library.
Trade and Legislative News
Keeping up with farm policy equips operators and landowners with the knowledge they need to comply with regulatory updates, make marketing decisions, and leverage financial resources at a state and federal level as available. Find the latest trade outlook summaries and regulatory reform news affecting the agricultural sector on AgAmerica’s trade and legislation page.
Farm Economic Resource Center
AgAmerica also provides high-level summaries of current macroeconomic conditions and real-time market data on our agricultural economics resource page.
3. Financial Support
Once you have a deeper understanding of your current financial standing and market environment, then you can decide if an ag loan is right for you. Being proactive in securing financial support can help you maintain liquidity and increase operational resilience.
Grants and Conservation Assistance
Before you take out an ag loan, don’t forget to explore grant and assistance programs available. These resources can provide crucial financial support without adding to your total debt obligation. Just be sure you fully understand requirements to avoid unwanted restrictions on how you can use your farmland. You can find more information about these opportunities on the USDA website.
Alternative and Conventional Financing Options
If a grant or assistance program isn’t right for you, AgAmerica provides a range of competitive ag loan options for farmers and ranchers. This spectrum of ag loans ranges from conventional to alternative, interest-only products to empower you with freedom through optionality. We believe that just like no two farms are the same, ag loans must provide flexibility and customization to ensure it can be molded to help you achieve your specific goals. For information on securing the right loan for your needs, visit the link below.
4. Financial Counsel
Having options when choosing the right ag loan is good, but it’s a lot less helpful if you don’t understand what they are in the first place. Knowledgeable financial counsel makes all the difference when managing or finding an ag loan that works for you.
AgAmerica Client Success Team
At AgAmerica, we know finance and we know agriculture. Our dedicated team of experts has extensive experience in agricultural finance and understands the unique challenges farmers face. We take the time to understand your operation so we can be sure to offer personalized advice and support that will help you achieve long-term success.
“AgAmerica has an experienced team that truly understands agricultural financing. They take a customer-first approach and customize loan programs based on your individual needs.”
Mike Damboise, Cattle Rancher
Ag Loans Made for Farmers by Farmers
AgAmerica is dedicated to supporting farmers with tailored financial solutions. This company was founded by rural landowners who experienced this challenge themselves—and took it upon themselves to finally do something about it.
From saving farmers $70k annually in ag loan payments to helping young landowners build their family legacy, we exist to help American farmers like you thrive. Experience the AgAmerica difference yourself and contact us today to see how we can help you achieve your agribusiness goals.
