Oct 19 2008
Financing a Small Farm Business
Has the small farm business bug bit you? If so, you may have a great idea, but not the financing for your dream. While things may be a little tight with loans in the current economy, they aren’t out of reach if you have good credit. There are financing options available for individuals with a business plan and the credit to back up their requests.
The Farm Credit System is comprised of the following:
- Production Credit Association - operating and equipment loans
- Federal Land Banks - for farm real estate
- Bank for Cooperatives - for farm cooperatives
There are also these finance options:
- USDA Farm Service Agency - makes and guarantees farm loans
- Beginning Farmer Loan Program - also known as “aggie bonds”
If you’d like to learn more about types of agricultural loan programs available for your small farm business, please visit the National Council of State Agricultural Finance Programs.
Have a great week!
~~Charlotte
