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Young and Beginning Farmers |
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Young and/or
beginning farmers are those meeting the following criteria:
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| Farmers and rancher meeting these definitions are eligible for benefits offered under young and beginning farmer programs. (Click here to request more information) | |||
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Farm Credit
Services of Mandan makes a concerted and cooperative effort to finance
young, beginning, and small farmers and ranchers to the fullest extent
of their creditworthiness. It is recognized that young, beginning,
and small farmers and ranchers may have limited financial
resources. However, Farm Credit Services of Mandan will make every
effort to structure loan terms and conditions to help with the
farmer's/rancher's viability and success.
It is recognized that lending to young and beginning farmers and ranchers may involve greater risk and that special consideration is justified. Additional credit risk in young and beginning farmer and rancher loans is acceptable. Where possible, credit enhancements such as guarantees or subordinations will be utilized to help manage credit risk. Farm Credit Services of Mandan offers a variety of young and beginning farmer programs, including operating, livestock, and real estate financing, as well as equipment loans and leases. Rates and terms vary for each program. In addition, we provide financial management services and resources (such as appraisal, crop insurance, life and disability insurance, tax, record keeping, succession planning, and producer education) to help young and beginning farmers establish themselves, manage risk, and increase profitability. We are proud to support the future of our industry through these programs. For more information on young, beginning or small farmer and rancher programs, please call 1-800-660-6487. |
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