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Farm tractors and combine harvester eligible for farm equipment financing through Farm Credit Mid-America.

Equipment Loans

Invest in your farm with equipment and tractor loans specialized for rolling farm machinery, attachments and tools.

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Combine harvesting soybeans financed with agricultural equipment loan options

Stay Equipped with Flexible Farm Equipment Financing.

Whether you're purchasing a new tractor, upgrading a combine, replacing a sprayer or refinancing existing farm machinery, Farm Credit Mid-America offers financing options designed specifically for agriculture. We provide loans for new and used farm equipment, flexible payment structures and competitive rate options to help farmers invest in their operations with confidence.

Why Farm Credit Mid-America

  • Patronage† program – Our farmers can invest more in their operations because they have received more than $1.75 billion back in their wallets over the last 10 years through our Patronage program.
  • Rate type options – We offer a variety of loan product options, including adjustable, variable and fixed rates. Contact us today to learn our current tractor and equipment loan rates.
  • Loan conversion** program – If rates go down, you have the flexibility to convert a lower rate.

Farm Equipment Financing Quick Answers

Farmer inside tractor cab eligible for tractor financing and equipment loans

What is a farm equipment loan?

A farm equipment loan helps producers purchase or refinance agricultural equipment such as tractors, combines, sprayers and other machinery.

Does Farm Credit Mid-America finance used equipment?

Yes. Financing is available for both new and qualifying used agricultural equipment.

Can I refinance farm machinery?

Yes. Refinancing options are available for qualifying equipment loans.

What types of rate options are available?

Farm Credit Mid-America offers fixed-rate, adjustable-rate and variable-rate financing options.

 

Who We Serve

Farm Credit Mid-America provides farm equipment financing solutions for:

  • Row crop farmers
  • Livestock producers
  • Family farms
  • Beginning farmers
  • Agricultural businesses
  • Part-time farmers
  • Rural landowners with agricultural operations


Planter refinanced as long-term farm machinery ownership and financing.

Flexible Farm Equipment Rate Options

Fixed Rate Loans

A fully fixed interest rate for the life of the loan.

Adjustable Rate Loans

Loans with a fixed interest for a period less than the loan term.

Variable Rate Loans

Variable rate loans available where interest rates may change monthly based on the cost of short-term money.

Farm Equipment Financing Solutions

Purchase New Equipment

  • Tractors
  • Combines
  • Sprayers
  • Planters
  • Balers
  • And more

Financing is available for a wide variety of agricultural equipment and implements.

Finance Used Equipment

  • Dealer purchases
  • Private-party purchases

Refinance Existing Machinery

  • Improve cash flow
  • Competitive rate options
Farmer standing on combine financed through farm equipment loan solutions

Get Started Today

Green tractor eligible for new or used tractor financing through Farm Credit Mid-America

How to Apply

Whether you’re applying online or at a local office, we’re here to make the loan process as easy as possible.

  1. Gather Your Borrower Information
    You can apply individually or with someone else, but be sure to have the basic information handy for both borrowers, including legal name, physical address, date of birth, social security number, farm and other income. Make sure you know your annual income and the amount you want to borrow.
  2. Understand Collateral Requirements††
    Securing your loan or lease with collateral can have a positive impact on your application approval process. Fortunately, we make it easy to use items such as equipment, livestock or inventory.
  3. Complete our application, either online or in-person
    We offer options with our loan application. You can either apply online online for loans or through a local office with one of our team members.

AgDirect®

AgDirect®

Buying equipment from a dealer?

AgDirect®§ is an agricultural equipment financing program offered by Farm Credit Mid-America through local dealerships. Ask your dealer about AgDirect for buying or leasing from the dealer and financing with quick decisions and flexible terms.

Available for Tractors, Combines, Sprayers and Other Equipment used in Agriculture.

  • New Equipment – AgDirect offers highly competitive loan and lease options on new agricultural equipment. Whether you are looking for a combine or tractor loan, or to finance other farm equipment, we’ve got you covered.
  • Used Equipment – AgDirect can help you finance used farm equipment including 2 to 7 year terms and delayed payments (up to 15 months*).
  • Refinancing – AgDirect is one of the few lenders that offers refinancing on farm equipment loans. Free up working capital and improve your financial position.

Farm Equipment Financing Frequently Asked Questions

Have questions about farm equipment financing? Below are answers to common questions about equipment loans, tractor financing, refinancing options, loan eligibility and qualifying agricultural equipment.

Farm equipment financing may be available for a variety of agricultural machinery and equipment, including:

  • Tractors
  • Combines
  • Sprayers
  • Planters
  • Balers
  • Grain carts
  • Tillage equipment
  • Utility vehicles
  • Trailers
  • Attachments and implements

Tractor loan interest rates vary based on factors such as credit history, loan term, equipment age, down payment and overall financial strength. Fixed-rate, adjustable-rate and variable-rate financing options may be available depending on the borrower's needs and the equipment being financed. Contact Farm Credit Mid-America for current tractor loan rates and financing options tailored to your operation.

Yes. Financing may be available for qualifying used farm equipment, including tractors, combines, sprayers, planters, balers and other agricultural machinery. Financing terms and requirements may vary based on the age, condition and value of the equipment.

The best option depends on your operation's goals. Financing may be a good choice if you plan to own the equipment long term and build equity. Leasing may offer lower upfront costs and more flexibility to upgrade equipment regularly. A Farm Credit Mid-America team member can help determine which option best fits your operation and cash flow needs.

Yes. Refinancing may be available for equipment currently financed through another lender. Refinancing can help improve cash flow, adjust loan terms or consolidate equipment debt depending on your financial goals.

Loan terms vary depending on the type, age and value of the equipment being financed. Financing solutions can often be structured to align with the useful life of the equipment and the cash flow needs of the operation.

Yes. Beginning farmers may be eligible for equipment financing programs designed to help new and growing agricultural operations invest in the equipment they need. 

Financing decisions are based on several factors, including credit history, income, collateral and overall financial strength. Credit score is one consideration, but eligibility typically depends on the complete financial picture of the borrower.

In many cases, financing may be available for tractors and other farm equipment purchased from private sellers. Approval requirements may vary based on the equipment and transaction details.

Yes. Financing may be available for both new and qualifying used tractors. Loan options can be customized based on the equipment's age, value and intended use.

Farm equipment financing can help producers:

  • Preserve working capital
  • Spread costs over time
  • Upgrade aging equipment
  • Improve operational efficiency
  • Maintain cash reserves for operating expenses and farm growth

Approval timelines vary based on the loan amount, borrower information and financing structure. Some qualifying applications may receive decisions more quickly, while larger or more complex requests may require additional review. Get started with an online application to speed up your approval timeline for equipment financing. 

Collateral is an asset used to secure a loan. Depending on the financing structure, collateral may include the equipment being purchased or other qualifying agricultural assets.

Yes. Financing or refinancing equipment can help spread costs over time, allowing producers to maintain liquidity for seed, fertilizer, labor, land expenses and other operational needs.

Calculate Loan Payments

Enter your total loan amount into this farm loan payment calculator to estimate your monthly payment and loan amount with interest.

About Our Rates

Your estimated recurring payment is $0 for a $0 loan at 0% APR. You’ll pay $0 in interest.

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or Recalculate

This calculator is based on the rate being fixed to maturity. A loan not on a fixed rate could change at repricing.

Ready to Talk?

Ready to Talk?

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

† Patronage is an annual decision made by the Board of Directors to return earnings to eligible customers. To learn more about patronage or patronage eligibility, please visit our Patronage page.

** Provided that program requirements are met. Conversion has a one time fee of $750.00. Terms and conditions apply. Fee is subject to change.  There may be additional fees associated with the conversion.

§ AgDirect® is an equipment financing program offered by Farm Credit Services of America and other participating Farm Credit System Institutions with lease financing provided by Farm Credit Leasing Services Corporation.

AgDirect® loans are not eligible for patronage from Farm Credit Mid-America.

†† Your loan length and credit score will impact the down payment and/or collateral required. If the existing land you plan to use for collateral has a mortgage with another institution it must be subordinated to or refinanced with Farm Credit Mid-America.

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. 

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