A Farmer’s Guide to Financing: How to Fund Your Operation with the Right Ag Loan
Farming isn’t just a job — it’s a way of life. Whether you’re starting out, expanding your operation, or just trying to make it through another unpredictable season, having the right financing is crucial. At Bank Plus, we understand the unique financial needs of Iowa farmers because we’ve been serving rural communities like yours for years.
If you’re looking for the best way to fund your farming operation, here’s what you need to know about agricultural loans and how we can help.
Types of Ag Loans to Consider
Farming comes with different financial needs depending on the season, market conditions, and long-term goals. Here are some of the most common agricultural loan options:
1. Operating Loans
These short-term loans help cover daily expenses like seed, fertilizer, fuel, and equipment repairs. They’re perfect for keeping cash flow steady during planting and harvest.
2. Equipment Loans
Need a new tractor, combine, or irrigation system? Equipment loans help farmers invest in the machinery needed to keep their operations efficient and productive.
3. Land & Real Estate Loans
Expanding your farm or buying land? A land loan can help you purchase additional acreage or refinance an existing property at a competitive rate.
4. Livestock Loans
Raising cattle, hogs, or poultry? These loans help you purchase and maintain livestock, covering feed, veterinary costs, and facility improvements.
What You Need to Qualify for an Ag Loan
When applying for a farm loan, lenders look at a few key factors to determine eligibility:
- Farm Business Plan – Having a solid plan that outlines your farm’s goals, costs, and expected income will help strengthen your loan application.
- Credit History – A strong credit score can lead to better interest rates and loan terms.
- Collateral – Many ag loans are secured by land, equipment, or livestock.
- Cash Flow & Income – Lenders want to see that your farm generates enough income to repay the loan.
How Bank Plus Can Help
At Bank Plus, we’re more than just a bank — we’re a trusted partner for Iowa farmers. Our ag lenders understand the ups and downs of farming because we live in the same communities you do. We offer:
- Personalized Ag Lending Solutions – Every farm is different, so we tailor financing options to fit your specific needs.
- Competitive Rates & Flexible Terms – We work hard to secure reasonable rates for your operation.
- Local Decisions, Quick Approvals – No waiting on out-of-state decision-makers. We handle everything right here in Iowa.
- A Bank That Knows Ag – Our team understands the challenges farmers face, from unpredictable weather to fluctuating commodity prices.
Let’s Talk About Your Farm’s Future
If you’re ready to finance your next farming venture, let’s chat. Our ag lending experts at Bank Plus are here to help you secure the right loan with terms that fit your operation. Stop by your local branch, give us a call at 712-362-5000, or visit BankPlusIowa.com to learn more.