Farm Real Estate Loans

Real Estate Loans Built for Your Success

  • Finance, refinance or make improvements – Our real estate loans have all your farm needs covered whether you’re financing a new purchase, refinancing your current loan or making farm improvements.
  • Fully amortized fixed rate loans of up to 30 years. We offer lower, more manageable payments on annual, semi-annual, quarterly or monthly terms – it’s your choice.
  • No pre-payment penalty on standard loans- pay ahead or pay it off any time you want!
  • Lower interest rate rewards offered to borrowers who want to forego some prepayment flexibility.

We understand that farming decisions are business decisions, and the world isn’t going to wait for you to secure financing. That’s why we offer On the Spot loans. On most loans under $200,000, we’re able to provide fast and convenient financing, within 24-hours of receiving your application. By phone, fax or office visit, you answer a few quick questions and you get our credit decision in one working day.

Progressive FCS offers several interest rate programs for Real Estate Farm Loans, including:

Commercial Farm Loans

 

Operating Loans

Your family farm is a business. Like any business, you require financing solutions that are tailored to your individual needs. Our operating loans are perfect for those times when you need a short term financing solution for expenses like:
  • Labor, seed, fertilizer, chemicals and equipment repairs.
  • Feed, electricity and vet expenses.
  • Family living expenses, including your child’s college tuition.
  • All general operating costs.

Borrow a lump sum or enjoy the convenience and flexibility of a credit line, allowing you to write a draft for your funds 24/7. Our revolving line of credit allows you to borrow and repay funds as often as needed. You’ll be able to cut your interest costs and manage your cash with ease.

Use your credit line in conjunction with our Farm Cash Management program to effectively maximize your cash assets.

Take the first steps toward getting the cash you need to run your business by visiting with your local PFCS loan officer today.

Progressive FCS offers several interest rate programs for Operating Loans, including:

 

Credit Line

Your day starts before the sun comes up and ends after it’s gone down. You spend your “9 to 5” (and then some) in the fields, and conduct a good share of your business in the evenings or on weekends. That’s why we developed Credit Line.

Progressive Farm Credit Services’ Credit Line gives you the buying power of an operating loan at your fingertips when you need it most, even if that happens to be outside our business hours. Here’s how it works:

  • Operating loans with Credit Line draft writing privileges have no fees or transaction costs.
  • You receive a draft book.
  • You use your Credit Line drafts to disburse operating loan funds, when and where you need them (deposit to farm checking account, pay bills, pay vendors, etc.).

It’s hard to beat a loan this easy. For the same effort you’d spend writing a personal check, you can have your money on the spot. Talk to a local loan officer today about starting your Credit Line with Progressive Farm Credit.

 

ACH Transfers

Don’t have time to drive in town for a loan disbursement check from our local branch office? You can simply call your local Progressive Farm Credit office to request a electronic transfer of funds from your operating loan to a preauthorized deposit account at another financial institution.

Funds are posted the very next business day!

Talk to a local loan officer today about setting up an ACH transfer arrangement on your loan.

Equipment & Livestock Loans

From a hundred head of cattle to a 6-row cotton picker to a 50,000 bushel grain bin, if it’s essential to your success on the farm, you can get financing for it with Progressive Farm Credit Services. Our capital loan programs are individually prepared with your situation in mind, and they can be used on both new and used purchases. And we understand what it takes to get ahead as a farmer, so we offer appropriate repayment periods.

Our Capital RLOC program provides a revolving line of credit for equipment, breeding livestock and other capital expenses. You may borrow and repay funds as often as you like for up to three years. You save time by not having to apply for each individual capital need.

If you’ve made an equipment purchase within the past year, there’s a good chance you received a manufacturer’s introductory interest rate as part of your incentive to buy. But when that initial grace period runs out, you’re going to be paying for it in high interest. Contact Farm Credit before introductory financing terms expire and arrange for the transfer of your loan to a Farm Credit capital loan with a competitive interest rate.

We understand that farming decisions are business decisions, and the world isn’t going to wait for you to secure financing. That’s why we offer On the Spot loans. On most loans under $200,000, we can provide fast and convenient financing, within 24-hours of receiving your application. By phone, fax or office visit, you answer a few quick questions and you get our credit decision in one working day.

Progressive FCS offers several interest rate programs for Equipment & Livestock Loans, including:

 

Leases

Sometimes success on the farm requires a little innovation - how do you get the tools and equipment you need today without tying up all of your capital in a loan? The answer is simple - an equipment lease from Progressive Farm Credit.

Consider these advantages of leasing over purchasing new equipment:

  • You get the equipment you need to get the job done right without the huge overhead of expense that a new equipment purchase brings.
  • You can lease new or used equipment.
  • Leasing payments are typically 100% tax deductible.
  • You have a fixed payment schedule, tailored to your specific operation.
  • You have the option to purchase the equipment should you decide to down the road.

A Progressive Farm Credit equipment lease gives you a financially comfortable way to get the equipment you need to do the job, when you need it. If you still have questions, do some research in our Frequently Asked Lease Questions page. Talk to a representative at your local Farm Credit branch office to find out more about our leasing options.


Frequently Asked Leasing Questions

  • Why would I want to lease equipment?
    If you need equipment but are unwilling or unable to tie up your capital in a loan, leasing is the logical option. There are a number of added benefits to leasing farm equipment that you simply don’t get when you buy, including manageable cash flow, tax benefits and financial freedom.
  • What kind of organization should use leasing?
    Leasing lends itself very well to the agribusiness industry- your industry. Farm Credit leases exclusively to agribusiness customers including producers, their cooperatives and rural utilities. Leasing is ideal for any organization in need of equipment but uncomfortable or unable to borrow for whatever reason.
  • Why should I choose Farm Credit Leasing?
     You should choose Farm Credit leasing for the same reason you should choose Farm Credit lending. By farmers, for farmers. We have a history of successful partnerships with the farmers of Southeast Missouri. We live in your community and we understand the needs and situations you face each day. Our team knows farming and knows how to help you get the most out of your investment with our flexible leasing products.
  • What kind of equipment can I lease?
    If it’s important to getting the job done on the farm, it can probably be leased. From tractors and combines to cotton pickers, center pivots, tillage equipment and grain bins, you can choose your make and model, new or used, at your favorite local dealer.
  • What's the difference between a lease and a loan?
    Rather than money, a leasing company lends the use of equipment or machinery. The lessee has no ownership stake in the asset at any time during or after the lease (unless the purchase option is exercised). In addition, the lessee only pays a periodic lease rental or payment. There is no interest rate involved with that lease payment. Instead, the lessee is paying a usage fee. Finally, the lessee will typically treat a lease differently for accounting and tax purposes.
  • What happens to the equipment at the end of the lease?
    At the end of the lease, the equipment may be purchased by the lessee, returned to Farm Credit Leasing for remarketing, or the lease may be renewed. All Farm Credit leases have end-of-lease purchase options. The option varies with the type of equipment.