Ranchers Relocate Operation with $12MM Farm Purchase Loan Package
Learn how this Southwest ranching family uses AgAmerica’s flexible financing to relocate and expand their operation.
When circumstances shift, it’s good to have a lender on your side that can pivot and adapt to changing seasons. Keep reading to learn how these borrowers leveraged the innovative financing of AgAmerica to relocate, re-establish, and expand their vertically integrated farm operation.
The Challenge
At the heart of farming is family, and with that comes the responsibility to make decisions that can have a vital impact on the future of an operation.
After building a thriving vertically integrated cow/calf, row crops, and packer operation from the ground up, this Southwest ranching family found themselves contemplating a farm relocation to the Delta region to be closer to their extended family. When an offer to buy their ranch came along, they turned their attention towards finding a flexible land lender that could support their dream of relocating the family operation they worked so hard to build.
The Solution
Understanding that relocating an established and diverse operation is not simply a one-step process, AgAmerica worked diligently with the family over the course of a year to begin the process through three separate farm purchase loan facilities. The first was a 3-year loan to purchase multiple properties with facilities to expand their rancher-owned packer operation. The second supported the purchase of farmland for their feed operation that included a primary residence so they could oversee the development of their transplanted row crop operation. The third loan financed the purchase of existing corn cropland that would further support their local stocker program. Through this program, the family was able to connect to more ranchers in their area and provide a locally owned meat processing alternative.