Dangerous citrus canker infections (also referred to as “citrus greening”) continue to impact Florida’s citrus crop. The infection, previously restricted to Florida regions, has now begun spreading and was recently discovered by farmers in New Orleans, LA. Florida’s famed orange is at most risk, though all citrus crops are threatened.
Though extensive research is being conducted to eradicate citrus greening, there presently exists no cure for the infection. As such, many farmers fear a marked decrease in citrus production this year.
In the past, many citrus growers have relied on government backed loans – USDA loans or FSA loans – to counter citrus greening damage. In the aftermath of the government shutdown, however, many citrus farmers were/have been unable to lock onto federally funded ag loans. In many instances, citrus farmers that desperately need an ag loan or subsidy, cannot receive them.
So, what’s the solution?
One solution is taking more of a non-conventional approach. Instead of relying and waiting on the government, and rather than turning to traditional lenders (i.e. banks) that have little knowledge when it comes to the agricultural industry, perhaps it makes more sense to consult a company specializing in agricultural lending.
Bankers South has the suitable qualifications necessary to work with you to obtain the citrus loan finance you require. As an ag lending company, we can assure you that whomever you deal with will have an in-depth understanding of your business needs and concerns. In fact, our staff includes employees whose own farming histories stretch back generations. Plus, we have our own experience with buying, selling, and managing agriculture land.
Through our AgAmerica Lending Program, we offer farms loans that cover all facets of farming, from smaller ag operations to vast citrus farms. When it’s time to plant your next row crop or expand your citrus groves, these loans are a great solution.