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26 Factors Determining your Interest Rate
If you have or are currently lender shopping before deciding where to get your loan, you’ll notice that the interest rate offered varies from place to place. Simply put, interest rate is a reflection of risk. When the market identifies a higher risk, this demands a higher rate of return.View Details
How many acres are needed to get a farm loan?
When it comes to qualifying for a loan to buy acreage, Farm Credit of Central Florida has no minimum acreage requirement for farmland or lot loans. Instead, several factors determine eligibility for agricultural financing. Let's explore what really matters when seeking a loan for acreage.View Details
Farm Lines of Credit
A farm line of credit is a flexible financial tool that provides farmers with access to funds to cover operating expenses such as purchasing seeds, fertilizers, equipment or paying labor costs. It is specifically designed for agricultural operations. Think of it as a safety net, allowing farmers to bridge gaps in cash flow and manage unforeseen expenses that may arise during a growing season.View Details
The Five Basic Steps of the Loan Approval Process
Applying for a loan? The unknowns in the loan-approval process can be scary, but the credit approval steps are fairly straightforward regardless of whether you apply for an operating loan, land loan, equipment loan or home loan. By understanding the process, you'll feel more at ease during the transaction.View Details
New Land-Owner Equipment Guide: What Do You Need?
Whether you've acquired five acres or 500, transforming raw land into a productive property requires the right equipment. As a new landowner, the variety of machinery options can feel overwhelming. This guide will help you prioritize your equipment needs and make informed decisions about what's essential and what can wait.View Details
Creating a Farm Plan: A Guide for New and Small Farmers
Starting a farm, no matter how small, is an exciting venture. Whether you're raising a few cows or planning a diverse small-scale operation, a well-thought-out farm plan is crucial. Not only is it often required by lenders, but it also serves as a roadmap for your agricultural journey.View Details
Upcoming Events
Throughout the year and across the country, your local Farm Credit association hosts in-person and virtual events designed to help you start, manage and grow your farming operation. Browse through the AgBizInfo events to find the right event for you!
AGAware ®
As a farmer (and CEO of your business), managing your finances can be a challenge. AGAware® Workshops help farmers take control of their finances by teaching practical skills like recordkeeping...
