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September 10, 2015

Make Sure You’re Caring for the Most Important Plant on Your Farm: The Money Tree

The various types of plants found on farms can be as different as night and day, but there is one plant that every farm has in common: The Money Tree. It’s the most important plant in the whole operation, yet tending to it can be one of the hardest chores that any farmer and rancher has to face; unfortunately, baling twine only goes so far in fixing problems with this issue!

However, as agricultural lenders, we have helped many ag operations tend their money trees over the years. Read a few of our success stories and see how we can help you tend your “Money Tree” so you’re free to do what you do best!

  1. Planning for the next generation. Farming is a family affair, and one citrus, vegetable and melon farm— cantaloupes to be exact— wanted to split their 690 acres of land and citrus groves for estate planning and transitioning the operation to the next generation. AgAmerica Lending joined a $3.39 million term loan with a $718 thousand revolving line of credit to make it happen. Essentially, AgAmerica ensured that the “Money Tree” would be healthy and productive for the next generation.
  2. Funding expansions. One experienced Florida rancher decided it was high time to expand his herd with additional cattle, but he had a few hurdles before him. He had just started preconditioning and backgrounding yearlings; he needed to pay off debt and he needed working capital to fund his desired cattle purchase. AgAmerica got him a loan to address all of his issues and needs. Today, he is on the cusp of refinancing to a conventional, lower interest rate loan. AgAmerica was able to help this rancher grow his Money Tree.
  3. Save the farm. Folks in agriculture are no strangers to hard times created by acts of God, bad weather, fickle markets, and hungry pests. One 390-acre watermelon farm in Central Florida needed to refinance debts and obtain working capital to keep the operation above water. AgAmerica was able to offer them a custom agriculture land loan that addressed their financial issues and kept the farm solvent. In effect, AgAmerica saved this farm’s Money Tree.

Let us help you tend your farm or ranch’s Money Tree. At AgAmerica Lending, we care about Ag operators and their financial well-being. We help agribusinesses cultivate their operations with our low-interest rates, long amortizations, and industry-unique 10-year line of credit.

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