As a tool, operating loans can assist you in managing cash flow and your farming operation more effectively and efficiently.
It may be as simple as choosing a declining balance loan option with a maturity of 12 months, or less.
Depending on your needs, combined with the strength of your credit, Farm Credit also offers RLOC (Revolving Line of Credit) options.
With a Farm Credit RLOC you can pay down and borrow back funds simply and easily. In some cases, a RLOC can be made with a three-year loan maturity date which means the loan doesn't have to be renewed annually.
Use an operating loan for:
- farm and family operating needs
- crop inputs
- purchasing feeder cattle
- and more!
Operating loans come with an easy credit line (paper) check option making it easy to access your funds. Simply write a check to draw on your line of credit.