Family Farms
Family farms need equipment financing that understands the whole operation and its history. We work with multi-generation and single-generation family farms on.
Three generations on the same ground is not the same as three generations of the same financial picture. The farm that grandpa started, that dad built up, and that the next generation is taking over can look like a picture of stability from the outside and a complicated balance sheet from the inside. Old equipment, new equipment, notes from expansion, owned ground mixed with rented acres, a mix of crops and sometimes livestock. Family farms are not a single type, and the financing for them shouldn't assume they are.
We work with family farming operations of every configuration. Multi-generation operations where the older generation is transferring equipment and responsibility. Single-generation operations that built up fast by renting acres and buying iron. Mixed operations with grain, livestock, and custom work. The thread that runs through all of them is that the equipment is central to the business and the family, and the financing should fit both the economic and the personal reality of how that operation works.
Minimum deal size is $50,000. Most equipment purchases on a working family farm clear that threshold on a single significant piece. We work with new and used equipment, purchase and refinance, and sale-leaseback situations that come up when a family needs capital and the machinery is where it's sitting.
The Family Farm Situations We Work With
Family farm financing needs don't fit a single description. Here's a range of situations that come to us regularly.
- A father and son who farm together and need to add a second tractor without breaking the operation's cash flow
- A widow managing the operation alone who needs a refinance to lower monthly payments after losing a spouse
- A third-generation operation transferring equipment from parents to children as part of a succession plan
- A family that had a rough two or three years from weather or markets and needs to restructure equipment debt
- An operation adding a first combine after years of hiring custom harvest, crossing into ownership for the first time
- A family farm adding acres and needing to step up to larger equipment to handle the expanded workload
Each situation is different and we evaluate them individually. A credit score that looks rough because of two bad crop years is not the same as a pattern of financial mismanagement, and we make that distinction when we review an application.
Farm Operations
Agribusiness & Co-Ops
Agribusinesses and agricultural co-ops run equipment that serves both their own operations and their member producers. We finance and.
Cotton Farms
Cotton producers carry some of the highest per-acre equipment costs in American agriculture. We finance and refinance pickers, strippers.
Farm Equipment Dealers
Farm equipment dealers can offer customers alternative financing paths through us when manufacturer finance doesn't fit. We work with.
What Family Farms Finance
The equipment list for a family farm depends on what the operation grows and raises, but the most common financing conversations involve the major capital items: combines, tractors, planters, and sprayers.
Row-crop tractors in the 200 to 300 horsepower range handle the majority of field work on most Midwest family grain farms. Combines represent the largest single-equipment investment in most cases. Planters have become more expensive as precision technology adds cost, and a current-model unit with electric drive and row-by-row control is a real capital item.
Family farms that raise livestock add feed mixers, balers, and loaders to the equipment list. Those who put up their own hay run hay and forage equipment that works hard during a compressed summer window.
Older family farms sometimes have a fleet of aging equipment that was bought over decades and is now a mix of paid-off older iron and newer pieces with notes. The right move in that situation might be a refinance on the newer equipment, a sale-leaseback on the older paid-off machines to generate capital for an upgrade, or a debt consolidation to simplify the payment picture.
Family farms also finance used equipment regularly. Used equipment financing is a core part of what we do, and a solid used combine or tractor from a reputable dealer or neighboring farm is often the right call for an operation watching its cost basis.
Farm Refinance Questions
Farm succession situations involving equipment transfer between family members are something we work with regularly. The specifics depend on the arrangement, whether it's a sale, a gift, or a gradual transfer, but we can usually find a structure that works for a family transition.
Yes. We evaluate B and C credit situations regularly and weather-driven or market-driven rough patches are part of farming. The asset, the operation, and the overall picture are what we look at. Two bad years in an otherwise stable operation history is a different story than ongoing financial difficulties.
Multiple applicants or co-signers are accommodated. A husband and wife, or a parent and adult child farming together, can apply together. We'll look at the combined financial picture.
Yes. A cash-out refinance on equipment with equity can provide funds for a land purchase or any other capital need. The amount available depends on what the machine is worth versus what you owe.
Asset-rich situations are generally workable. Strong asset backing, even when monthly cash flow is modest, gives us something to evaluate and work with. The specific structure might look different from a cash-flow-first deal, but it's not a disqualifying situation.
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