Farm Service Agency (FSA) Guaranteed Loans

Beginning Farmer Program 

Have you been told you need a bigger down payment than you can possibly afford? By taking advantage of the Farm Service Agency's "Beginning Farmer Loan Program", your first farm purchase may not be as difficult as you thought. The program also serves as a great resource to help younger family members transition into the family business.  

What Are My Options? 

• Down Payment Program – 5% down with 45/50 Joint Financing between FSA and Midwest Ag Funding 
• 50/50 Joint Financing between FSA and Midwest Ag Funding 

Loan availability subject to borrower meeting eligibility and credit guidelines. Terms subject to change. FSA guarantee fee may apply. 

Who Qualifies? 

A beginning farmer is an individual or entity who: 

• Has not operated a farm for more than 10 years; 
• Meets the loan eligibility requirements; 
• Substantially participates in the operation; 
• Does not own a farm greater than 30 percent of the median size farm in the county; 
• Must have at least 3 years' experience on the business side of a farm. 

If the applicant is an entity, all members must be related by either blood or marriage and all must be considered beginning farmers. 

FSA Guaranteed Loan Program 

In every business, there are times when you need a loan to buy some land or make changes to your operation. As farmers and ranchers, you know the added struggle when things don't always go as planned and sometimes weather-related issues result in the need to restructure your debt to improve your cash flow. If either of these situations sound familiar — maybe a Farm Service Agency guaranteed loan is what you need. 

As one of the regions premier originators of FSA guaranteed loans, Midwest Ag Funding has the knowledge and experience to assist you with your financing needs. 

Features 

• Flexible payment terms 
• Fixed and variable rate options 
• Amortizations up to 30 years 

Midwest Ag Funding is an FSA Preferred Lender. This is the highest status a lender can hold in the FSA Guaranteed Farm Loan Program. This status is awarded to experienced lenders who have demonstrated expertise in and understanding of agricultural lending and the FSA Guaranteed Farm Loan Program. Utilizing a Preferred Lender for your loan means a faster loan approval! Put our experience and resources to work for you! 

Loan availability subject to borrower meeting eligibility and credit guidelines. Terms subject to change. FSA guarantee fee may apply. 

Who Qualifies? 

• To qualify for an FSA Guarantee, a loan applicant must: 
• Be a citizen of the United States, or a legal resident alien 
• Have an acceptable credit history 
• Have the legal capacity to incur the debt 
• Be unable to obtain the loan without a guarantee 
• Not have caused FSA a loss by receiving debt forgiveness  
• Not be delinquent on any federal debt 
• Have the ability to repay the loan 
• Provide sufficient security for the loan 
• Owner/Operator 

*This is not a commitment to lend or extend credit. All loans/products are subject to approval.