Agriculture Services

Dairy Term Loan

A single draw term loan for helping dairy farmers finance capital assets, improve the economic viability of an existing farm operation and acquire farm purchases such as quota.

• A Dairy Term Loan may allow you to:
  • finance expansion or acquisition of farm land,

  • renovate or construct farm buildings,

  • improve farmland,

  • acquire quota, or

  • restructure existing capital
• Floating and fixed rate loans are offered in terms from 6 months to 5 years (up to 10 years upon request; some restrictions may apply). Payments may be made monthly, quarterly, semi-annually or annually.
• Interest is compounded monthly.
• Amortization periods are up to 15 years.
• A 10% prepayment is permitted annually on fixed rate loans.
• Secured by quota or a combination of quota and farm real estate

Amounts:

• $25,000 and up.