Loans & Credit Lines
County Bank's ag loans can be short-term for annual operations and production of crops and livestock or longer-term for investments in land, buildings and equipment.
We offer competitive rates on loans that can be secured with equipment, land, livestock and farm assets. And, our convenient terms can be designed to match your cash flow.
County Bank also works hand-in-hand with the Farm Service Agency (FSA) to obtain guarantees on annual operating loans and farm ownership loans.
Let County Bank be your partner on the farm! Call or stop by the County Bank location nearest you and talk with an ag loan expert or contact Clint Mikesell. Let us help you have a more successful farm operation.
Whether you need financing for annual crop or livestock production, equipment, buildings or the purchase of farm land, County Bank has options just for you.
- Ag Real Estate Loans
Ag real estate is the heart of the farm. County Bank's ag real estate loans can be used for the purchase of farmland, construction and repair of buildings, improvements to farm property and for other real estate related projects. These loans are typically for long-term investments in real property.
- Farm Equipment Loans
Farm equipment loans are available for mid-length terms to finance the purchase or refinancing of new or used farm equipment.
- Farm Operating/Production Lines of Credit
Farm operating lines and production lines of credit provide the short-term cash flow for annual operations and production of crops and livestock. Funds can be used for crop inputs, fuel, farm chemicals, insurance and other operating needs. Repayment terms can be structured to meet individual cash flow requirements and projected dates of commodity sales.
- Livestock Loans
Livestock loans are typically made for the purchase of livestock with payment dates to coincide with the expected date of sale of the livestock. These loans can be coordinated with operating lines for seasonal needs related to the livestock operation.
County Bank works in close cooperation with local Farm Service Agency (FSA) offices to make loans more bankable for our ag customers. Contact a County Bank ag loan officer for assistance in accessing these programs. You may also visit www.fsa.usda.gov to learn more about FSA programs.
- Guaranteed Ownership Loans
Guaranteed Farm Ownership Loans may be made to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt. (Source: FSA circular 10/1/10)
- Guaranteed Operating Loans
Guaranteed Operating Loans may be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating loans can also be used for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debts under certain conditions. (Source: FSA circular 10/1/10)
- Beginning Farmers Loans
FSA makes and guarantees loans to beginning farmers who are unable to obtain financing from commercial lenders. Loans are available for farm ownership and operations. There are also programs to assist socially disadvantaged and beginning farmers in purchasing a farm and FSA works with retiring farmers to use this program to transfer their land to future generations. A County Bank ag loan officer can assist you in learning more about these programs or visit FSA's website.