USDA-FSA Farm Loans

The United States Department of Agriculture’s Farm Service Agency provides low-interest credit for farming needs. As an approved local lender, First National Bank of Northfield can help eligible farmers obtain loans for farm purchase or improvements, operations, or recovery from financial setback.

Farm Purchase Down-Payment Farm Ownership. Available for beginning farmers. FSA can lend up to 45% of the purchase price with a maximum of $225,000.
Farm Ownership. Up to $300,000 available for farm purchase.
Guaranteed Farm Ownership. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.
Farm Operations Operating. Loan can be used for financing of machinery, livestock and crops. Maximum loan is $300,000. Terms vary by security available.
Guaranteed Operating. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.
Financial Setbacks These programs may be used to assist in recovery from crop losses, low prices and other financial setbacks.
Guaranteed Farm Ownership. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.
Operating. Loan can be used for refinancing of debts for machinery, livestock and crops. Maximum loan is $300,000. Terms vary by security available.
Guaranteed Operating. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.
Disaster Loans. Assistance for designated disaster areas if a qualifying 30% crop loss or building damage has occurred.
Farm Improvements Farm Ownership. Up to $300,000 available for farm purchase.
Guaranteed Farm Ownership. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.
Operating. Loan can be used for refinancing of debts for machinery, livestock and crops. Maximum loan is $300,000. Terms vary by security available.
Guaranteed Operating. Credit is provided by approved lender. Maximum credit is $1,112,000. Applicant must meet lender’s requirements as well as FSA’s.

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