Farm Loans


Equipment Loans

With an intermediate-term loan, you can borrow funds for new or used tractors and equipment, grain bins, buildings, farm and home improvements, farm trucks and vehicles, and breeding livestock — all at a rate option that fits the needs of your operation. 

Fixed Rates
  • One- to seven-year or 10-year fixed rates
  • Security of a low fixed rate for the life of the loan
  • Longer terms to reduce payments and improve your operation’s cash flow
Three-year Adjustable-Rate Loan
  • Fixed rate for 36 months, then rolls to another three-year fixed period at that time
  • May be converted to other products
  • Terms are three to seven years on machinery and up to 10 years on buildings
Five-year Adjustable-Rate Loan
  • Fixed rate for the first five years, then rolls to another five-year fixed period, if needed
  • Enables you to lock the rate over most of the life of the loan
  • Terms are five to seven years on equipment and up to 10 years on buildings
Variable-Rate Loan
  • Monthly rate that fluctuates depending on the market
  • Often one of our lowest rate options
  • Terms of one to seven years on equipment and 10 years on buildings
  • Can be used for any equipment or building need
LIBOR-Rate Loan
  • LIBOR (London InterBank Offered Rate) is a global index commonly used to price loans around the world
  • Indexed rate to LIBOR with a pre-established margin
  • Can be one of the lowest rate options available
  • Rate can go up or down every 30 days, depending on movement of LIBOR index
  • Terms are one to seven years on equipment and up to 10 years on buildings
Capital Lines of Credit
  • Can be set up for up to five years to purchase items such as equipment or breeding livestock.
  • When item is purchased, funds are drawn and a payment schedule is established.
  • Funds are at hand when you need them, letting you purchase when the price is right.
Loan Conversion Program
  • When interest rates or circumstances change, you can convert existing loans to a lower rate
  • Please call your local office for eligibility requirements

Farm Credit Mid-America serves the states of Indiana, Ohio, Kentucky and Tennessee.

Kentucky (excludes Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken.);
Ohio (excludes Lucas, Wood, Hancock, Ottawa, Sandusky, Seneca, Crawford, Wyandot and Marion counties).

**Assumes applicant is in good credit standing.