Fifth-generation farmer returns to AgAmerica to transition his operation.

When a borrower comes to AgAmerica, they find a lender who is in it for the long-haul. Farm operations are adaptable and their financing should be too. From refinance to retirement and everything in between, AgAmerica is here to support you through it all.

The Challenge

A fifth-generation South Carolina farmer had been farming nearly all his life. From helping his grandfather in the fields at five years old to growing his own successful operation of more than 2,000 acres of corn, soybeans, cotton, and peanuts, AgAmerica had the opportunity to support his operational endeavors for the last five years. Prior to coming to AgAmerica, he found himself in a tough spot with his current lender. AgAmerica was able to step in and help through term debt consolidation. Now, after running his multigenerational farm successfully for nearly thirty years, the borrower recently returned to AgAmerica for assistance in transitioning his farm in preparation for retirement.

The Solution

AgAmerica had previously refinanced this borrower’s existing loan structure to lower the rate after 18 months of steady payments. We were then able to take advantage of the low interest rate environment and offer a loan renewal that lowered his rate even further, affording him the opportunity to market his land as he saw fit. Through this unconventional approach, the borrower was able to sell the property to a family member and retire knowing the farm legacy he built would stay in his family for another generation.