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Loans to Finance Agriculture
Farming and agri-business are important to the rural economy of Missouri. Therefore, we provide a full range of lending products for agribusiness and agriculture production. Some of the most common types of loans are for crop inputs, feeder livestock, breeding livestock, dairy cows, poultry, farm equipment, farm real estate and facilities for contract growers. We also provide financing for part-time farmers who have off-farm income.
For borrowers who qualify, we provide government guaranteed loans through several federal and state programs such as the Rural Development and Farm Service Agency (FSA) specialized programs.
The FSA Program is sponsored by the United States Department of Agriculture and is designed to assist agricultural or rural small business customers in obtaining loans.
Farm Ownership Loans may be made to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt.
Operating Loans may be used to purchase items needed for a successful farm operation. These may include livestock, farm equipment, feed, seed, fuel, farm chemicals, repairs, insurance, and other operating expenses. Operating loans may also be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debts under certain conditions.
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