To qualify for Farm Credit financing, a person or legal entity (or the loan request) must satisfy borrower eligibility in one of the following ways.
1. Eligibility as a Farmer (satisfy one of the following conditions)
Own agricultural land, or are engaged in the production of agricultural products.
Are a full-time farm producer (more than 50% of your income or assets are farm related).
Are a part-time producer (generate ag income, but rely on off-farm employment or other sources of income).
Generate, or intend to generate, annual gross farm income (on a sustained basis) of at least $500 annually.
2. Eligibility as an Agribusiness (satisfy one condition)
Own or operate an agribusiness that produces, processes and/or markets agricultural products. Farm Credit agribusiness customers range from large-scale multi-national, corporate enterprises, to large-scale family or individual agribusinesses involved in every facet of the food and fiber chain. These include poultry, beef, dairy, catfish, timber, timber milling/processing & marketing, grains and specialty crops, wine and more. The agribusiness should have some portion of its owners' assets in production or generate some "through put" that is processed, manufactured or marketed.
3. Eligibility for Home Financing
Rural residents who are not farmers or do not own agricultural assets are eligible for Farm Credit home financing programs to buy land or a home site, to build, buy or refinance a home provided the site, or home, is in a rural area or within a city or town with a population of 2,500 or less.