Farm Credit is committed to helping the next generation of farmers with a specific program dedicated to the needs of young and beginning farmers.
- Young farmers are anyone who is age 35 or less at the time of loan request.
- Beginning farmer are anyone who has never farmed or has involved in farming 10 years or less at the time of the loan request.
Farm Credit's Young and/or Beginning Farmer Program features:
- Modified credit standard for cash flow or repayment capacity.
- A discount or adjustment in interest rates
- Modified collateral standards for operating and IT loans
- Payment of loan guarantee fees if involved or required
- First time real estate or buyer credit
- Financial and farm management education and training requirements if advised by loan officer or Farm Credit.
CLICK ON THIS PDF TO SEE THE ENTIRE Young, Beginning Farmer Program BROCHURE:
Young and Beginning Farmer Program.pdf