Learn how this North Carolina farmer went from lessee to landowner with AgAmerica’s customizable loan solutions.  

Cash rents are on the rise in 2022 along with the demand for U.S. farmland. While rising land values are great news for landowners, it creates challenges for farmers who are leasing the land they steward. AgAmerica is committed to helping remove those barriers for our nation’s farmers and ranchers by providing the flexible financing needed to go from lessee to landowner.  

The Challenge 

A multigenerational farmer in North Carolina was interested in refinancing his current mortgage to purchase farmland he had been leasing and operating on for years. An active member in his local ag community, the farmer learned about AgAmerica through a fellow farmer and friend. Hearing about his friend’s positive experience with us, the farmer reached out to one of AgAmerica’s Relationship Managers to explore the financing options available to him.  

The Solution 

The Relationship Manager worked closely with the farmer to learn more about his operation and the goals he wanted to achieve. With this understanding, he was able to create a $1.1MM loan package that was split into a 30-year conventional loan with a fixed rate and a 10-year revolving line of credit. Through this restructuring, the borrower was able to refinance his current land debt, purchase his formerly leased land, and supply a flexible line of credit to optimize his working capital.