Starter Loans for Beginning Farmers
Starting your own farming operation can be rewarding, but it also can be challenging. In the competitive agricultural environment, you need a trusted financial and risk management leader. At Compeer Financial, we firmly believe in offering a helping hand to young and beginning farmers and, in turn, helping our rural communities continue to thrive.
From programming to improve your knowledge of farm financial management to providing you with farm loan application assistance, we’re more than just a financial services provider. We’re your partner.
We understand most young and beginning farmers don’t have a long financial track record. Some lenders look strictly at the black and white on the page but, at Compeer, we read between the lines to see you as a whole person with many facets. That’s why we consider other factors that show you have the skills to succeed. We look at previous success in school, community and work experiences, a desire for ongoing education and strong family or partner support. We also look for a responsible attitude toward credit and a demonstration of the ability to repay obligations.
Our starter loans can be used for equipment, operating, land or other purposes. We offer relaxed underwriting standards and reduced loan fee schedules reflecting discounts up to 85%.
By working cooperatively with government programs like FSA and RFA, we secure financing so you can have a strong start to your agriculture career.