{"id":327,"date":"2017-07-26T08:00:40","date_gmt":"2017-07-26T08:00:40","guid":{"rendered":"http:\/\/agricultureloan.com\/?p=327"},"modified":"2023-01-28T02:25:07","modified_gmt":"2023-01-28T02:25:07","slug":"ag-loan-options","status":"publish","type":"post","link":"https:\/\/agricultureloan.com\/ag-loan-options\/","title":{"rendered":"What are Your Ag Loan Options?"},"content":{"rendered":"

It\u2019s normal for businesses to borrow money, though it\u2019s hard to tell when to make the move. Whatever the case is, it\u2019s always good to know what options you have before the unexpected happens. The same is true for your farming ventures.<\/span><\/p>\n

Today, farmers are beneficiaries of ample government and private loan programs that answer to their diverse needs. These programs cater to both short and long term necessities and are available in various forms.<\/span><\/p>\n

Medium and Long-Term Financing<\/span><\/h3>\n

If you have long terms goals for growth, you\u2019re gonna need funding that would equally support your financial decisions for a longer stretch of time. This is when medium and long-term loans come in handy. They can aid your agriculture-based business to grow, whether your purpose is to expand operations, or increase profits.<\/span><\/p>\n

\nGet ag financing today. Click here.<\/span><\/a><\/p>\n

Seasonal Loans<\/span><\/h3>\n

A seasonal loan is a type of short term ag loan that answers to a farmer\u2019s seasonal seasonal needs, the most common of which is funding seasonal assets. These assets typically include farm equipment that only get used during a specific time of the year and remain idle for the remaining months (e.g. harvest plows, bins).<\/span><\/p>\n

Another loan type that can be used for seasonal needs is the inventory loan, a loan type that can easily cover for a wide range of commodity needs, or when settling accounts receivable.<\/span><\/p>\n

Asset-based loans are flexible loan types that are adapted to suit a range of purposes such as when you have to meet shortages in cash flow, or cover for immediate cash needs.<\/span><\/p>\n

Another alternative to financing a short-term need is to get a line-of-credit, which gives you more leeway as to how much you can tap, depending on the timing of your needs.<\/span><\/p>\n

USDA Farm Loan Options<\/span><\/h3>\n

The United States Department of Agriculture is home to a wide array of loan programs which seek to aid the country\u2019s farmers and ranchers in facing the financial difficulties of their businesses.<\/span><\/p>\n

Its Farm Service Agency wing, for example, makes direct farm ownership and operation loans to family-size farmers and ranchers who cannot obtain financing from traditional funding sources. They also help beginning farmers and ranchers who are unable to obtain financing from commercial credit sources.<\/span><\/p>\n

Other programs from the USDA that aid the agricultural demographic of America include:<\/span><\/p>\n