Skip to main content
Farm Credit Mid-America 2024 Board of Directors and Nominating Committee Elections Now Open Click here for more information

Carrying on a Legacy of Supporting Farmers

Learn how second-generation farm equipment business owners are supporting local farmers with help from Farm Credit Mid-America.

// Cooperative Stories, Customer Stories

Larry Hobbs started his farm equipment business, Hobbs Farm Implement, as a secondary source of income after his farming operation went through some tough times. He quickly fell in love with refurbishing used machinery as well as the relationships he developed along the way, and eventually passed that passion on to his two sons, Dewayne and Shannon.

What started as a two-man business has grown into a staple of the farming industry in Colt, Arkansas, selling everything from tractors to tillage equipment, and much more. Dewayne and Shannon now focus on carrying on Larry’s legacy of supporting farmers and treating everyone with respect. And for many years, they’ve done so in partnership with Farm Credit Mid-America.

“Working with the cooperative is simple,” Shannon said. “They are just a good, good group of people and we’ve been able to depend on them through the good times and the bad.”

The Hobbs brothers look forward to passing the business down to future generations to continue supporting agriculture for many years to come. Check out their video below to learn more about their story. 


* Loans and leases are subject to credit approval. Additional terms and conditions may apply. Farm Credit Mid-America is an equal opportunity lender.

Farm Credit Mid-America territory includes Arkansas, Indiana, Kentucky, Missouri, Ohio and Tennessee. Arkansas includes Clay, Craighead, Crittenden, Cross, Desha (northeast of the White River), Greene, Lee, Mississippi, Phillips, Poinsett, and St. Francis counties. Missouri includes Carter, Ripley and Wayne counties. Kentucky excludes Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken counties. Ohio excludes Crawford, Hancock, Lucas, Marion, Ottawa, Sandusky, Seneca, Wood and Wyandot counties. We serve all counties in Indiana and Tennessee. 

You May Be Interested In

Agricultural Loans

A range of loans* designed with your operation in mind.

The Power of a Cooperative

A customer-owned lender is a locally-owned lender.

Community Investments

Enriching our communities and the people we serve.

Business Insights

Discover insights where agriculture intersects with financial expertise.