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Farm loans help farmers buy, operate, and expand a farm. Farm loans can provide liquid cash at the startup phase as well as help established farms with a cash crunch during a seasonal challenge. Equipment, crop, and livestock financing, as well as credit lines, are common ways a farm loan can take form.
Farm loans vary depending on the size of your farm, your financial history, your collateral, and whether you qualify for a federal Farm Service Agency (FSA) loan program or a farm program designed by a commercial lender. According to the FSA, farm ownership and operating loans in 2021 were over $6.7 billion, down from an agency record of more than $7.5 billion in 2020.
Even if you have less-than-perfect credit, limited experience, or less down payment money than you wish you had, you’re bound to find a lender in this list that can work with you. We researched 15 farm lenders before we chose the seven best farm loans. Read on to see which ones meet your needs.
