Multi-Generational Wisconsin Row Crop Farmer Saves $240K a Year With $2.3MM Refinance

AgAmerica’s Flexible Farm Refinance Helps Row Crop Farmer Reduce Monthly Payments and Increase Capital Flow

Because of the volatile nature of the agriculture industry, many small banks are making it increasingly difficult for farmers to obtain farm loans. When they do, they are often faced with high-interest payments that push them further away from long-term financial stability.

The Challenge

This past year, a Wisconsin row crop farmer found himself in a similar predicament. His previous lender was a local bank uncomfortable with agricultural lending who used high-interest loan options to offset perceived risk. Even with the help of close family members tending to daily farm tasks to soften labor costs, he was struggling to make his monthly payments and began to search for an alternative source of financing.

The Solution

Our team was able to fund $2.3MM to refinance his existing loan and cut his weekly payment by more than half with annual savings that totaled $240K. He was then able to use the additional working capital to upgrade his farm operation and invest in his farm’s trucking operation as an additional source of income.

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Oregon Cattle Ranchers Use $4.2MM Global Consolidation to Refinance Real Estate Debt and Increase Working Capital

AgAmerica Customizes Short-Term Loan Package to Help Rancher Weather a Depressed Cattle Market

For farmers and cattle ranchers, one of the greatest threats to their operations’ profitability are sudden shifts in market prices. Add in one bad storm or a sick calf, and years of hard work and costly investments are instantly erased. For our Oregon family-farmers, this scenario became their reality after 28 years of farming and raising cattle.

The Challenge

Faced with the dilemma of ballooning farm debt with a traditional lender, our Oregon family turned to AgAmerica to consolidate their farm debt into a single term loan. The family had experienced a short-term cash deficit after riding out the tough cattle market and was under pressure to sell cattle as prices fell. Through a custom land loan, we were able to refinance their real estate and existing farm debt while providing them with additional operating funds.

The Solution

Our team customized a $4.2MM five-year credit facility to manage the family’s existing debt load. Having access to cash flow was critical to their operation’s success and something their previous lender could not provide. For this reason, we built in a $314K cash-out option to supplement their short-term liquidity. Our flexible financing afforded the Oregon farmers the ability to grow their operation and continue moving forward.

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$750K Accelerated Loan Program Helps Fund Idaho Ranch Relocation

Idaho Rancher Uses Accelerated Land Loan to Move his Cattle Operation to Southwest Florida

Perhaps one of the greatest traits that farmers are known for is their resilience. Each year nearly forty-four percent of farmers and ranchers experience a year-over-year loss in profits. Yet, despite being faced with obstacles that are beyond their control, they remain committed to this way of life. They push forward, develop new strategies, and make difficult decisions all in the name of farming.

The Challenge:

This year, AgAmerica was approached by an Idaho ranching family looking to take a chance on relocating their operation. Though they were unwavering in their commitment to ranching, the growing need for greater profitability began to create challenges, forcing them to take a hard look at their business. After weighing several options, the couple determined that the most viable option for their operation would be to relocate to Southwest Florida. The longer working season presented them with an opportunity to generate more income and expand their cattle operation.

The Solution:

Putting forth 466 acres of their ranch/cropland as collateral, the Idaho couple requested a refinance and cash out loan package to help with the purchase of 1,000 acres in Collier County, FL. With AgAmerica’s assistance, the couple was able to quickly close on a $750K 30-year credit facility.

Upon selling their Idaho cattle and leveraging their land in Idaho, the couple was able to reach their goal of relocating to Florida and expanding their beef cattle operation.

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Colorado Recreational Landowner Improves Operational Flexibility with $908K Global Consolidation

Colorado Landowner Seeks Global Refinance for His Fly-Fishing Recreational Land

A Colorado landowner approached AgAmerica seeking a global refinance of his one of a kind fly-fishing property.

The Challenge:

The landowner had multiple bank and owner financed notes obligated across multiple organizations and personal guarantees. Even though the property is not a traditional “Farm and Ranch” property, AgAmerica was able to proceed with a loan under our recreational property financing.

The Solution:

AgAmerica consolidated the landowner’s global debt into a single term note and provided an additional $100,000 line of credit for contingencies, with 10 years of interest only payments, and no non-use fees by leveraging 176+/- acres of his land as collateral. The rancher now has the financial flexibility to make upgrades to the property as he sees fit.

As a nationwide agricultural lender, AgAmerica offers farmers and ranchers flexible loan programs with trusted lending advisors to help meet their operational needs. Speak to one of our Relationship Managers to learn more about our land loan programs.

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Washington Cattle Rancher Makes Property Upgrades with $300K Refinance

Loan Consolidation Helps Rancher Increase Capital to Make Upgrades to his Land and Machinery

Throughout the years, farm and ranch operators experience equipment failures and repairs that over time can add a dent to their profit. Studies show that on average, 16 percent of crop value returns to the operation as an investment in equipment. When combined with destructive weather, unpredictable commodity pricing, and strict regulatory obligations, the financial burden becomes heavier than what an operation can comfortably carry.

The Challenge:

A Washington state rancher came to AgAmerica with the desire to generate additional income by leasing his land to a neighboring cattle rancher. In order to move forward with the leasing opportunity, the rancher needed access to working capital to help fund improvements to equipment, irrigation, and fire retention zones on his property.

The Solution:

With the help of an AgAmerica Relationship Manager, the rancher received a $300K debt consolidation loan that provided a longer amortization period and cashout option. In Addition, our Relationship Manager was able to help the rancher qualify for our Accelerate Program, which is designed to offer farmers, ranchers, and landowners a fast-track underwriting and closing process­ to reduce their time away from their operations. The Washington rancher now has the financial flexibility to make the necessary property and equipment upgrades.

As the largest, non-bank agricultural lender in the U.S., AgAmerica has the flexibility to offer farmers and ranchers the opportunity to work with trusted advisors to refinance debt and create long-term solutions for their operational needs. Speak to one of our Relationship Managers to learn more about our flexible financing.

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Colorado Rancher Finds Financial Flexibility with $19.1MM Debt Consolidation

AgAmerica’s Interest-Only Loan Consolidation Help Cattle Rancher Bridge the Gap Between Ballooning Debt Payments and Investment Payouts

As a second-generation large animal veterinarian and Colorado rancher, this AgAmerica borrower had dreams of creating a legacy for his family and giving back to the land that raised him. While working towards his Doctorate in Veterinary Medicine, our borrower and his wife began building a small cattle ranch, that would eventually grow into a large-scale agribusiness.

The Challenge:

Over the course of three decades, they scaled their modest cattle ranch into a 10,000-plus acre operation that produces a variety of row crops, livestock, and thoroughbred bloodlines. Their passion for the land and desire to improve water quality, also led them to make long-term investments in the conservation and energy sectors.

As the ranchers continued to grow their business portfolio, they began facing the challenge of balancing long-term investment payouts against ballooning debt structures. Eventually, their need for working capital was accelerated by a partnership entity with a heavy capital demand.

The Solution:

AgAmerica Lending helped the Colorado ranchers by creating a $19.1MM debt consolidation loan to help bridge the gap between their maturing loan structures and periodic returns from their investments.

Along with an interest-only loan consolidation, we were able to pay down carryovers on their existing lines of credit and increase the availability of working capital to help them fund future investments and operational expenses.

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Montana Cattle Rancher Funds Expansion with $1.2MM Credit Facility

Third-Generation Montana Rancher Expands Herd and Improves Pastureland with $1.2MM Short-Term Credit Facility

Recognized as symbols of strength and determination, female farmers and cattle ranchers are the cornerstone of today’s agriculture industry. Their growing presence on the farm and in the books has paved the way for greater discussions around their influence and contributions to farming. As a nationwide lender, we’ve had the privilege of bearing witness to these remarkable strengths, especially those of an Eastern Montana cattle rancher who came to AgAmerica looking for a loan program that would help her rebuild her breeding stock and make irrigation upgrades to her pastureland.

The Challenge:

Over the last five to six years, our cattle rancher experienced back-to-back blizzards and droughts, which adversely affected her stocking rate. To ensure that her land could provide enough forage for grazing, the rancher was forced to reduce her head from 144 to 89.

Facing a depressed cattle market, the monetary value of her livestock declined, driving her risk as a borrower up and lowering her capacity to service loan debt. Despite these obstacles, the Montana rancher developed a clear business plan for the cattle operation. With the right financial lender, she planned on refinancing her current mortgage debts to lower interest payments, as well as taking a cash out to fund the purchase of additional premium breeding stock. Producing cattle lines with specific genetic traits and dispositions would allow her to obtain premium returns on her herd in the future.

The Solution:

After working with the cattle rancher to understand her history as a borrower and operator, our loan experts created a custom $1.2MM 3-year credit facility with a $306K cash out to help with the cost of restocking her herd and making upgrades to her 4.1K-acre ranch. Acting as both labor and management of her operation, the additional operating capital granted her more freedom as the sole operator and has allowed her to focus on the portion of her operation that she is most passionate about, her cattle.

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North Carolina Farmer Consolidates Farm Debt with $7.0MM Short Term Loan

North Carolina Farmer Seeks to Refinance and Consolidate Farm Debt to Reduce Loan Payments

The Challenge:

A North Carolina farm operator approached AgAmerica seeking a refinance and consolidation of their outstanding farm debt with a traditional farm lender. The farmer’s operation processes and sells Carolina/Virginia-style peanuts to wholesalers domestically as well as on the international market. In need of a better structured loan, the operator reached out to our team to learn more about our custom farm loan packages.

The Solution:

AgAmerica was able to provide a unique, three-year interest-only term loan with no annual renewals to accommodate the borrower’s unique operational needs. By refinancing his debt into one loan program, the farmer was able to increasing his working capital and dedicate more time to his peanut operation.

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10-Year Line of Credit Helps Washington Farmer Increase Operational Capital

East Washington Farm Operator Increases Working Capital with AgAmerica’s Line of Credit

The Challenge:

A retired radiologist, approached AgAmerica looking for a source of liquidity for his farming operation in Eastern Washington state. Coming from a long history of Washington and Montana farmers, this operator was ready to return to his roots in agriculture. Over the years he held agricultural properties for investment purposes, but with the intention to grow his operation, he needed access to working capital to fund the growth.

The Solution:

AgAmerica was able to provide the borrower with a 10-yr. interest-only line of credit for operational and contingency purposes. Our Relationship Managers, Blake Averitt and Will Messina, had the opportunity to meet our borrower during the process to understand his needs and his long-term business objectives. The borrower now has the financial flexibility to make decisions and purchases for his farms without the worry of penalties or limited cash draws.

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Texas Rancher Expands Cattle Operation with $4.4MM Short-Term Loan

Multi-Generational Farm Family Expands Cattle Operation with the Help of a $4.4MM Short-Term Loan

This story begins back in the mid-1930s with a large multi-generation family and the purchase of 21,000 acres of land in West Texas. Although it took several years to build the family business, by the early 1980s they had a thriving sheep and goat partnership.

As life continued, their agricultural operation evolved, leading them to explore other avenues like cattle ranching. After four generations, multiple business ventures, and a major hardship, the family found themselves at a turning point – it was time to revive their cattle operation and rebuild their family’s farm business.

The Challenge:

During 2011, West Texas experienced the worst drought in the area’s history. Thousands of acres of crops were lost, and many ranchers were forced to downsize their livestock to reduce overhead costs. Maintaining ownership over their family’s land placed a substantial burden on the operators’ shoulders. With few resources, the ranchers began making changes to their operation, including leasing out sections of their land for hunting.

By 2017, the family ranch began to recover, allowing them to increase their livestock and rebuild their assets. With the desire to expand their ranch operations and create new business opportunities, the primary ranch owner came to AgAmerica Lending for assistance in securing a loan that would allow her to purchase her extended-family members’ business shares and become the sole proprietor, providing her the freedom to move in a new direction.

The Solution:

With a clear understanding of the rancher’s needs, AgAmerica customized a $4.4 million short-term loan package to provide her with immediate funding to purchase her partners’ shares. Through her financial partnership with AgAmerica, the rancher now has the capital and decision-power to begin breeding bred heifer lines for the private treaty market—helping to ensure her continued growth in the future.

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