Agricultural Loans

There are a lot of different factors that go into why a farmer or other agriculturalist may decide they need a loan. The most common reason is some type of economic hardship caused by issues with the general economy, the crop yield, the weather, or some other factor out of the farmer’s control. That being said, there are a lot of other things that can cause an agricultural specialist to need to take out a temporary loan.

Simply needing new inputs like seeds, tools, replacement parts for machinery, and other essentials can sometimes get rather expensive and make a loan necessary. Some farmers also take out loans to have a little bit of backup money in a savings account. This is especially common with farmers who are just starting or are starting to come out of economic issues, as the safety net allows them a bit more confidence and stability, especially since they can usually easily pay back the loan in the future when they have a larger crop yield.

Farmers also often take loans when looking to work on their facilities or looking to expand on their existing farmland. This makes it easier for them to get what they need to create more crop spacing, fenced animal areas, machinery access, workers, or whatever else they may need to better their farm as a whole. This investment usually pays off if it was well planned, as the new crops can bring in more revenue, and the better quality tools and establishment can make work much easier, cutting down on time spent preparing for planting or harvesting and allowing things to move along much more easily.

All of these reasons are perfectly valid and offer benefits to the farmers. If they can repay the loan amount they have chosen before they run out of time, having a loan available may be a good idea since it can help take some pressure off and make the entire venture much less frustrating. A safety net can make all of the difference in your ability to get the work you need done completed, allowing you to focus on further improving your business model and expanding into something truly great and positively progressive.

Through our efforts, we have been able to provide agricultural loans to a wide range of different agricultural formats. This includes farms, ranches, hobby farms, and countryside estates, alike, as well as other operational ventures like vineyards, equestrian facilities, dairy farms, groves, and tree-nut farms. All of these qualify for our agriculture financial services since they provide the same level of necessary assets and vitalization to our economy and day to day life.

At this time, we work with and service agricultural entities in all fifty states, regardless of the size of the property. Our minimum size of twenty acres allows us to cater to larger entities and smaller family-owned farms alike, ensuring options for all avenues of the agricultural industry. Our basic loans are taken out only on the land the farm sits on but secondary equipment and livestock loans are available, too, with the real estate of the farm used as the backing collateral. This gives you options to further tailor the loan to your needs and preferences, as well. Being able to customize your loan makes it easier to get exactly what you need without any extra features that can drive up costs attached. This helps you to save money while still accessing the loan amount you require to keep operating comfortably and successfully. If well thought out and researched, agricultural loans can be a very good thing to access when you are struggling and need a bit of assistance to keep your farm up and functioning normally.

To help make the process easier and ensure you can make the payments you need without impacting the functionality of your operation or decreasing your personal quality of life, most of our programs offer up to thirty years of amortization with no prepayment penalties. This means that you can space out your loan payments to ensure you can cover them comfortably and easily over time with no penalties or hidden fees to worry about. We take this honest, client-friendly approach because, at our company’s core principles, we want to help you succeed in your agricultural venture, no matter how big or small it is. We even service land plots as small as twenty acres, standing by our belief that even smaller agricultural venues are equally important to our economy.

Currently, the minimum loan amount is $400,000 with a 70% loan to value offered in all states; likewise, the maximum value currently sits at $50,000,000. If you wish to qualify for one of our loans, you do need to have a credit score of 680 or higher at the time of the loan application. You can find out whether you qualify on our safe and secure online platform; the form uploading feature makes the process easy and helps to streamline the entire loan process, as well. Our goal is to make the entire venture as simple and comfortable as possible so we strive to provide easy access to any documentation or paperwork you may need and work to make it easier than ever to submit everything we need to get your loan processing and your money to you as soon as possible.

Adjustable and fixed rates are available upon request. We also offer the option for annual loan payments if requested, though special arrangements must be made since most loads have payments that are due monthly or semi-annually depending on the total value of the loan. These customizable aspects of the loan can help to make it easier for you to make payments and comfortably meet the required payment amounts. Providing these low impact, low-interest agricultural loans make it easier for us to assist those who need it during times of weather or economic hardship. We are here to help you stay on your feet even when the ground may feel shaky and less than solid. We have your best interest in mind every step of the way and will always make an effort to provide you with everything you need to succeed financially within the agricultural industry.

As agricultural mortgage lenders, we understand the importance of financial and personal safety. Due to this, we offer a completely secure and easy to use uploaded with organized folders to keep all of your files and documents neat and ready for review, consideration, and, hopefully, approval. This unique feature eliminates any risk of having your personal information breached or stolen over the Internet; we understand the importance of protecting your data and the reluctance many feel with entering sensitive information online and have worked to create an uploader that is as safe as possible to keep your data protected completely. You can feel safe and comfortable transferring any documents with personal information & data knowing it is always thoroughly secured and stays private.

For more information, please fill out our Inquire Now form to be contacted regarding your specific loan needs. We have more than twenty individual loan plan products that you can choose from and are equipped to help you decide which is the best fit for your agricultural entity. With your success being the first thing on our minds, we are more than happy to help you select the option we believe is right for your needs if you need assistance. Just fill out our form and we will be contacting you soon to figure out what type of loan is right for you and what repayment plan best suits your needs!

For more than 35 years, United Farm Mortgage has worked to help those within the agricultural industry to get the assistance they need during times of economic, weather, or other hardship. We use our knowledge of the mortgage and loan industry to provide catered and individualized loan plan options to each client, ensuring they can get the care and coverage they need, no matter how big or small their property may be.

We understand that the process and paperwork of getting a professional farm loan can be a very overwhelming and confusing experience. We have reworked the entire process to make it easier, allowing you to skip the third parties, runarounds, and hidden fees, and jump directly to getting the money you need when you need it. Our team of professionals has insight into the industry that allows them to better plan and explain the process, making it easy to understand and navigate. We are a company that truly cares and we are always ready to help you with the process in any way we can. That is our promise to you!

As agricultural land mortgage loan providers, United Farm Mortgage works directly with farmers and other agriculturalists to provide the loans you need to make it through the tougher times. We bypass the predatory practices and hidden fees of some other mortgage and loan providers, working to provide agricultural financial services that are fair, reasonable, and created with you in mind. Our country needs farmers and all other agricultural specialists and efforts to support the industry must be in place if we hope to keep the economy and production of food items and raw materials flowing. Without you, the agriculturalists, this is not possible. That is why United Farm Mortgage promises to always provide low-interest agricultural loans and all of the assistance you need in setting up your financial loan repayment plan. We are here to help!