Ag Loans Focused on Local Farmers
Farming is a way of life throughout Wisconsin. Ergo Bank takes great pride in being a trusted lending partner for local farmers. Whether your farm’s operation is focused on livestock, commodity crops or a mix of the two, our lenders have the experience to tailor a loan to your farm’s unique needs. No matter which ag loan you choose, you can expect personalized service from our team. Ready to work with our team of expert lenders? Please reach out to us.
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Our Ag Loan Options at Ergo Bank
Loan Type | Description | Advantages | Ideal Borrower |
|---|---|---|---|
Term Loans | Long-term financing for major agricultural investments and capital expenditures. | - Fixed interest rates for predictable payments | Farmers looking to invest in significant projects like land improvements or new buildings. |
Operating Loans | Short-term loans to cover day-to-day operational expenses and seasonal needs. | - Quick access to funds | Farmers who need to cover immediate expenses such as input costs. |
Lines of Credit | Flexible credit lines to manage cash flow and unexpected expenses. | - Access funds as needed | Farmers who require ongoing access to funds for various operational needs. |
Farm land Loans | Financing for purchasing or refinancing agricultural land. | - Competitive interest rates | Farmers looking to expand their operations by purchasing additional land. |
Livestock Loans | Loans specifically for purchasing and maintaining livestock. | - Tailored to livestock needs | Farmers and ranchers investing in livestock such as cattle, pigs, or poultry. |
Equipment Loans | Financing for purchasing new or used agricultural equipment. | - Preserve working capital | Farmers needing to upgrade or purchase new machinery and equipment. |
Crop Loans | Loans to cover the costs of planting, growing, and harvesting crops. | - Supports seasonal crop cycles | Farmers focused on crop production who need to finance planting and harvesting activities. |
Facilities Loans | Financing for building or upgrading agricultural facilities and infrastructure. | - Improve operational efficiency | Farmers looking to build or upgrade barns, storage facilities, or other infrastructure. |
Specialty Ag Loan Programs
Ergo Bank is proud to offer specialty ag loans in conjunction with the Farm Service Agency.
Beginning Farmer Program
Starting a farm or agricultural operation requires significant effort and financial investment. The Beginning Farmer Program is ideal for new farmers who need financial support to build and grow their agricultural operations.
Advantages:
- Low Down Payments: Purchase land with minimal initial investment, making it easier to get started.
- Long-Term Fixed Rate Loans: Benefit from stable, predictable payments over the long term, helping you manage your finances effectively.
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50-50 Program
For those who are not first-time farmers or do not qualify for the Beginning Farmer Program, the 50-50 Program might be the perfect fit. This program is ideal for established farmers looking for additional financial support to expand or improve their operations. It provides a unique financing solution where 50% of the loan is provided by the FSA and the other 50% by Ergo Bank.
Advantages:
- Flexible Eligibility: Suitable for farmers who do not meet the criteria for the Beginning Farmer Program but still need financial support.
- Comprehensive Support: Access to the combined resources and expertise of both Ergo Bank and the FSA.