Whether you’re a seasoned farmer or just getting started, a farm land loan can be a smart way to grow your agricultural business. But what exactly can you use a farm land loan for — and how do you know if it’s the right fit for you?

Let’s dig into the many ways this type of financing can help support your goals.

What is a Farm Land Loan?

A farm land loan is a type of financing designed specifically for purchasing or improving agricultural land and property. At Ergo Bank, we specialize in offering loans for rural landowners, farmers, and ag entrepreneurs.

But these loans do much more than just help you buy land. They can be used to support a variety of farming-related needs.

Related: A Guide to Financing Your Farming Operation in Wisconsin

What Can You Use a Farm Land Loan For?

Here are some of the most common ways farmers and ag business owners use their land loans:

1. Purchasing Farmland

The most obvious and straightforward use of these loans is to buy land, whether it’s your first plot or part of an expansion. A farm land loan makes ownership more accessible by offering competitive interest rates and flexible terms.

2. Improving Existing Land

If you already have land that you use for agricultural purposes, a farm land loan from Ergo Bank can be used for improvements like adding or upgrading an irrigation system, clearing brush, or improving your soil quality – nearly anything that increases productivity and/or long-term value.

3. Building Infrastructure

It takes a lot to keep a farming operation running smoothly. Farm land loans can be put towards those infrastructure needs you may have, like building additional barns and silos, installing or repairing fencing, or putting in a new drainage system. Basically, any critical updates your farm needs!

4. Refinancing Farm Debt

Another great use of a farm land loan can be to help lower your payments and improve your cash flow by refinancing any high-interest debt you took on to start your farming business.

5. Expansion Efforts

Has your farm reached the upper limits of its productivity given the amount of resources you have? Do you want to push your farming business even further? A farm land loan can help you acquire land and other resources necessary for an expansion.

Benefits of a Farm Land Loan

Wondering if it’s time to apply for a farm land loan? Here are some ways it could benefit you and your ag business:

  • Competitive interest rates and flexible terms
  • Financing tailored to farmers and rural landowners (from locals that know Ag!)
  • Can be used for multiple farm-related needs
  • Keeps your cash flow strong
  • Local decision-making and personalized service
Ready to Get Started? Contact Your Local Ag Lending Team


Related: What Dairy Farming Can Teach Us About Smart Money Habits

How to Apply for a Farm Land Loan

Here are the steps you should take to apply for a farm land loan from Ergo Bank:

  1. Assess Your Needs: Know what you're planning to purchase or improve and how much funding you’ll need.
  2. Gather Financial Documents: Be prepared to share income statements, tax returns, and a business plan.
  3. Submit Your Application: Include all required documentation and be ready to discuss your farm’s goals and operations.
  4. Get a Local Decision: All loan decisions are made locally, which means faster responses and fewer delays.
Apply for a Farm Land Loan Today


Why Choose Ergo Bank?

Here at Ergo Bank, we’ve helped Wisconsin farmers and landowners for generations. We understand the unique challenges of rural business and agriculture, and we’re here to make your loan process simple and stress-free.

Whether you’re planning to buy, build, or grow, we’re ready to help you reach your goals.

Let’s Talk About Your Land Loan Options

Give us a call or visit your local Ergo Bank branch to get started. With the right financing partner, you can turn your land into a lasting legacy.

Learn More About Farm Land Loans