Process

Farm Loan Overview

AGRIfinancial Services offers loan products with competitive rates to purchase or refinance farm real estate. Farm loans can have extended maturities with fixed or adjustable term rates. Farm loan approval is normally based upon our underwriting standards as shown on this page. From the first-time farmer or rancher in North Carolina to the established farmer or rancher in California, AGRIfinancial has the loan product to fit your needs.

Key Criteria for Eligible Loans

  • Loan-to-value of 70% or less
  • Minimum gross farm income of $5,000
  • Qualifying farming operations 
    • Row crop – corn, soybeans, wheat, barley, cotton, tobacco, rice, peanuts
    • Ranches – livestock, alfalfa hay, CRP ground
    • Livestock – beef cattle, dairy cattle, sheep
    • Integrator contracts – swine, turkeys, broilers, breeders, layers
    • Permanent plantings– tree fruit, nuts, citrus, grapes, berries
    • Timber – hardwood, pine
    • Aquaculture – prawns, salmon, trout

Customer Qualifications

  • Debt-to-asset percentage;of 50% or less
  • Current ratio of at least 1:1
  • Cash available to service debt of 1.25:1 or better
  • Acceptable credit history and minimum median credit score of 660
  • Flexibility in the above standards with compensating strengths including Guarantees from Farm Service Agency
  • Guarantees also available on loans for the 1st-time farmer

Farm Loan Products

  • Adjustable rates: 3-month, 6-month, 1-year, 3-year, 5-year, 7-year, 10-year
  • Fixed rates: 7-year, 10-year, 15-year, 20-year, 25-year, and 30-year
  • Pricing: Index based upon LIBOR, Treasuries, Farm Credit Bank Funding Corporation bonds Prime Rate plus an established margin
  • Prepayment options: open prepayment, partial open prepayment, full yield maintenance
  • Farm Service Agency Guaranteed loans