Read how this multigenerational hay operation used a strategic refinance to access capital and upgrade equipment. 

For agricultural operations, access to capital can play an important role in turning opportunities into long-term growth. Whether it’s investing in equipment, restructuring existing debt, or strengthening liquidity, the right financing structure can give producers greater flexibility to manage the demands of their operation and maintain a competitive edge. 

The Challenge 

A father and son ran an Ohio operation specializing in producing and brokering small-square horse hay. As the business continued to grow, they sought a financing solution that would allow them to invest in additional equipment while restructuring existing real estate debt to fit into one easily managed payment.  

Having a positive experience with AgAmerica the last time they needed equipment back in 2024, they reached out to our team to explore the best path forward.  

The Solution 

AgAmerica was able to provide a $2.7MM loan to refinance the operation’s existing balance. This refinance also included a $1.5MM cash out for the equipment purchases they needed. Because it was all done through our Accelerate Land Loan Program, approval was expedited and minimal paperwork was required for maximum efficiency.

Plus, with a longer term and 30-year amortization, the new structure gave the borrowers greater flexibility in managing their debt without being tied directly to their equipment—a rapidly depreciating asset.  

For this growing operation, the refinance was about more than replacing an existing loan. It created an opportunity to align the operation’s financing with its long-term goals, invest in the equipment needed to support its evolution, and maintain greater flexibility and financial resilience.  

Ready to explore how the right financing structure can strengthen your operation? Contact AgAmerica today to discuss your financial goals. 

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