Loan Products

The following summary of loan products for each institution is a summary of their agriculture specific loan products. This information was found on their company website. For more details on an institution’s loan products, see the accompanying link under each summary table.

In addition to the following financial institutions’ loan products; there are also other programs and debt products specific to cattle producers.

Select bank to view products:

Long Term Farm Loan (Farm Mortgage Loan)

Description Term Interest Rate
Medium to long term loans to finance capital assets or improve economic viability of an existing operation.
- farm land, equipment, buildings, quota, capital restructuring.		 customizable - Variable and fixed rates available compounded semi-annually.
- 6 months to 5 years. 10 year term available upon request but restrictions may apply.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. $25,000 and up - 10% prepayment permitted on fixed rate loans.
- Amortization periods up to 25 years available for land purchases and 15 years for equipment.
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Agriculture Operating Line

Description Term Interest Rate
Allows producers to borrow money when they need it at competitive interest rates.
Can be used to finance farm purchases and to deal with seasonal fluctuation in cash flow.		 customizable Variable and fixed rates available.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. $10,000 and up - Security will vary depending on loan amount and risk level.
- Pay interest only on borrowed amount.
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Interest Only Term Loan

Description Term Interest Rate
Finance equipment with interest only loan. Producer can make interest only payments for up to 12 months. customizable Variable and fixed rates available.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. $10,000 to $500,000 Loan amortized over the estimated useful life of equipment up to 10 years.
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Farm Improvement Loan

Description Term Interest Rate
Federal government guaranteed loan program for farm real estate, livestock, equipment and building purchase, crop storage and debt consolidation. customizable Variable and fixed rates available.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. - 80% of purchase price can be financed. - Max $250,000 per individual farmer or $3,000,000 per farm cooperative. Asset financed used as security.
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Rural Property Mortgage

Description Term Interest Rate
Designed for individuals wishing to purchase and/or improve primary residence greater than 5 acres on agriculture zoned land. 6 months to 5 years. - Variable and fixed rates available compounded semi-annually on fixed rate.
- 6 months to 5 years.
Payment Frequency Available Loan Amount Notes
Bi-weekly and monthly $75,000 and up - Available to customers whose main income is off-farm.
- 10% prepayment permitted on fixed rate loans.
- Amortization periods up to 25 years available
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US Dollar Agriculture Operating Line

Description Term Interest Rate
Allows producers to borrow money when they need it at competitive interest rates.
Can be used to finance farm purchases and to deal with seasonal fluctuation in cash flow in Us currency.		 customizable Variable and fixed rates available.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. $10,000 and up Can be used with TD Farm Foreign Exchange Services which helps mitigate currency risk when buying/selling in US dollars.
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Dairy Term Loan

Description Term Interest Rate
Allows dairy producers to finance expansion or acquisition of farmland, buildings, acquire quota or restructure debt. Up to 15 years. Variable and fixed rates offered in 6 month to 5 years terms.
Payment Frequency Available Loan Amount Notes
Monthly, quarterly, semi-annually, annually. $25,000 and up 10% prepayment is permitted annually on fixed rate loans.
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