The ag lending industry is experiencing a revival in business as the demand for farm operating loans reaches an all time high, according to the June 2014 Kiplinger Agriculture Letter.
Total ranch and farm operating loans were up 23% in March ‘14 from March ‘13 as a result of farmers increasing crop acreage and expanding livestock herds and flocks as drought conditions continue to retreat. Also, ag loans for livestock feeding operations were up 13% from March of last year with other farm loan uses up 33%.
To make the fullest use of the best ag loan interest rates around, check out our variety of agriculture loan products, including conventional agricultural real estate loans through the AgAmerica Lending Program and non-conventional, fixed or floating-rate bridge loans (on agriculture, commercial or other properties) through our Transitional Lending Program. Traditional banks are often out of reach for agricultural operations that have limited collateral, less-than-stellar credit scores, and/or a need for quick funding and this is where our Transitional Lending program can help.
Contact us to streamline the loan application process. With over 100 years of combined lending experience, we have what it takes to determine the right ag loan type for your operation. With all of our loan programs, you can expect a personal, responsive service that aligns with your lending needs.
If you have any questions or comments, or if you want to learn more about the agricultural loan services we provide, please complete this initial contact form.