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Farm Real Estate Loans
With a wide range of products and competitive interest rates, our farm real estate loans offer the flexibility farmers need.Get Started
A farmer-owned lender knows you need flexibility.
That’s why we offer tailored farm real estate loans to meet your needs.
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.
Farm Real Estate Loans
Whether you’re purchasing your first farm or expanding your operation to grow, farm real estate loans are designed for land that will primarily be used for agriculture.
Farm Improvement Loans
Improvement loans are great if you’re wanting to upgrade or enhance structures on your existing land with larger projects you intend to pay off in 10 or more years.
Farm Real Estate Loan Refinancing
We can help you refinance existing individual farm real estate loans or consolidate multiple farm real estate loans into one loan.
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.
- 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.
- 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.
- Complete our application, either online or in-person
We offer options with our loan application. You can either apply online for loans up to $500,000 or through a local office with one of our team members.
Farm Credit Mid-America understands how we operate our business. This business is very seasonal, with influxes of revenue in the spring and fall. They support that.
Fixed Rate Loans
A fully fixed interest rate for the life of the loan. Long-term fixed rates available up to 25 years.
Adjustable Rate Loans
Loans with a fixed interest for a period less than the loan term. Interest rate periods are available from 1 to 15 years.
Variable Rate Loans
Variable rate loans available where interest rates may change monthly based on the cost of short-term money. Interest rates periods are for one month.
Indexed Rate Types
- Interest which may adjust based on widely publicized market indexed rates. We currently offer interest rate plans tied to the Wall Street Journal Prime Rate and the Chicago Mercantile Exchange (CME) Secured Overnight Financing Rate (SOFR).
- Rates may adjust monthly after closing by adding or subtracting a stated margin to the indexed rate. Margins may adjust annually after closing.
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 farmcredit.com to locate the Farm Credit System Association that serves your operation’s geographic area.
Online applications submitted online before 2pm Eastern time, excluding holidays and weekends, with a loan amount up to $75,000 may 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 $500,000. Apply Now to get started.
If you’re interested in borrowing more than $500,000, our local team is ready to help. Find a local office or message us to get started.
Before starting your loan application for a farm real estate loan, we recommend having the following information ready:
- Annual income
- Amount you want to borrow
- How you plan to use the loan funds
If you are interested in buying real estate for residential use, our team members at Rural 1st can help.§ To get started, visit Rural1st.com
You may purchase or refinance something you already own through our online application or with one of our local offices. When you apply, we will ask if you are purchasing or refinancing.
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 property you are interested in purchasing. Your application will be processed as an approval request. Once you find the property you want 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.Apply Now
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.
†† 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.
§ Rural 1st® is a tradename and Rural 1st, the Rolling Hills Window icon, Rural Logic, and Closer to What Matters are exclusive trademarks of Farm Credit Mid-America, NMLS 407249. Rural 1st products are available to consumers within the territories of participating Farm Credit System Associations. Equal Housing Lender.
‡ Farm Credit Mid-America is an equal opportunity provider.
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.