December 1, 2020 | By: Preston Ingram |Agribusiness, Loans
When your financing needs are larger or more complicated than the average loan, we have the capacity and expertise to deliver customized solutions for the most complex borrowing situations.
Texas Farm Credit is equipped to handle the financing needs of large agribusinesses and enterprises such as sawmills, feed mills, farmer cooperatives, cotton gins, poultry operations, and other agricultural processing, marketing, and manufacturing businesses.
Texas Farm Credit has a strong balance sheet and sound financial fundamentals; we also have the expertise and capacity to meet your needs. We can directly service the needs of small to mid-size agribusiness. Through our extensive network of like-minded participating financial institutions – we have an almost unlimited source of capital and proficiency to bring value to your business. Making us the best source of financing for the food and agriculture value chain.
There is also a clear advantage to working with a financial partner who intimately knows the industry. The variables your business experiences are unique in many ways to agriculture. You need a partner that understands the factors impacting your operations as well as finances. We have the know-how to supply you with the funds you need and be a partner you can count on. Our connections across the country to ensure you’re getting the best package and partnership available.
This inbuilt understanding also drives our loan structure. Agribusiness loans can be extremely complex, and there isn’t a one-size-fits-all solution. That’s why Texas Farm Credit will custom-fit a financial strategy specifically for your operation and its goals.
Not only are our rates competitive, but we have unique product offerings. We are a good source for short-term capital using variable rates. Still, we also offer long-term fixed rates that eliminate interest rate risk for facility expansion, acquisitions, or other long-term financing.
The final characteristic that separates us from all commercial competition is our cooperative structure. This structure allows us to share our profits back to our member borrowers, further reducing your borrowing cost.
If you are an agribusiness, I am confident you will be impressed with our expertise, creativity in structuring deals, pricing, and celebrated customer service. Give us a call today.
Frequently Asked Question
Agriculture and farming loan rates vary depending on the type and purpose of the loan, the amount borrowed, and the creditworthiness of the borrower. Current rates for ownership and operating loans typically range from 1.375% to 5% and can be obtained from the U.S. Department of Agriculture’s Farm Service Agency, or through a number of commercial lenders.
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