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Farm Credit Mid-America and Farm Credit Midsouth have merged as of April 1, 2023. Learn More.

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Family Need Loans

Family Need loans allow you to focus on what matters most – family. The farm will be there when you’re ready.

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It’s not always about the farm.

Quickly finance family need loans for things like living expenses, nursing home costs, medical or taxes.

Why Farm Credit Mid-America

  • Patronage program – Our farmers can invest more in their operations because they have received an average 1.5% of their average daily loan balance back in cash over each of the last 4 years.
  • Rate type options – We offer a variety of loan product options, including adjustable, variable and fixed rates.
  • Loan conversion** program – If rates go down, you have the flexibility to convert a lower rate.

Get Started Today

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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 for loans up to $150,000 or through a local office with one of our team members.

Rate Types

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.

Loan Conversion Program

Loan Conversion Program

If interest rates go down and your circumstances change, you can convert your existing loans with us to a lower rate**. Unlike other lenders who require a lengthy and expensive refinancing process, we allow you to quickly convert your loan to a new product for a simple processing fee. In addition, there is no need to re-qualify for the loan.

Contact your local office to learn if a conversion may be right for you.

With a loan conversion, you can:

  • Avoid expensive refinancing costs.
  • Have the flexibility to manage your loan rate.
  • Lock in rates for a longer or shorter period of time.

Frequently Asked Questions

Farm Credit Mid-America is a proud member of the Farm Credit System. We serve farmers, producers, agribusiness, and rural residents in Arkansas, Indiana, Kentucky, Missouri, Ohio and Tennessee. To be eligible for a loan through Farm Credit Mid-America, you must live in or have a farming operation within our loan servicing area and produce farm income or intend to produce farm income.

Arkansas includes Clay, Craighead, Crittenden, Cross, Greene, Lee, Mississippi, Phillips, Poinsett, St. Francis and Desha (northeast of the White River) 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. 

If your primary operation is outside of our loan servicing area, we recommend reaching out to your local office or visiting to locate the Farm Credit System Association that serves your operation’s geographic area.

Applications submitted online before 2pm Eastern time, excluding holidays and weekends, with a loan amount up to $75,000 can be decisioned same day. Additionally, applications with a loan amount greater than $75,000 may require additional underwriting and may not be eligible for a same day decision. Once a decision is reached, a member from our team will contact you.

Through our online application, you can submit an application for an amount between $2,000 and $150,000. Apply Now to get started.

If you’re interested in borrowing more than $150,000, our local team is ready to help. Find a local office or message us to get started.

Before starting your loan application for a loan, we recommend having the following information ready:

  • Annual income
  • Amount you want to borrow
  • How you plan to use the loan funds
  • Property acreage, estimated value, and any dwelling information

No problem! Our approvals are good for 6 months. If you are applying online, select “I’m still looking” and we will collect some basic information about the type of loan you are interested in. Your application will be processed as an approval request. Once you are ready to purchase, follow-up with one of our team members and they will continue to process your loan request to closing.

Calculate Loan Payments

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

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. 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.

** Conversions subject to eligibility requirements. Conversion has a one time fee of $500.00. Fee is subject to change.  There may be additional fees associated with the conversion, such as a wholesale conversion fee.

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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