posted: November 16 On behalf of the Mid-Plains United Way Board of Trustees and our 13 partner agencies, I would like to thank First National Bank for hosting this. Its almost time to put the golf clubs away for the winter. posted: tractor supply financing – More crops, less cash U.S. farmers have again produced what is expected to be a record corn and soybean crop. Futures prices for corn have fallen by more than half from their all-time high in 2012. Posted: Thursday, November 17, 2016 3:00 am More crops, less cash By Russell Hubbard World-Herald News Service nptelegraph.com Oversupply brought prices down; land values, income fell along with them Midwestern and Nebraska farm economics are deteriorating, with crop prices and land values falling as loan defaults rise, conditions serious enough for authorities to invoke the disastrous 1980s. The Kansas City branch of the Federal Reserve said in a recent report that land values for all types of farm and ranch land were down 6 percent from a year earlier in Nebraska, Kansas, Oklahoma, western Missouri, Colorado, Wyoming and the northern half of New Mexico. The decrease in the third quarter was the sharpest year-over-year reduction in the Feds 10th District since the mid-1980s, the regional branch of the central bank wrote in a report last week. And farm debt-to-income is going to be worse this year than any year since 1985, according to USDA projections.
Purchase or Construction Loans for Agricultural Processing Plants and Equipment We make Agribusiness loans that provide credit facilities for companies that further process agricultural commodities. By having such an extensively trained team, we are able to process your request in a timely manner, while paying attention to what’s most important to you, financing that positions you for growth. FSA guarantees up to 90% of any losses on the loan to the bank. We offer over a dozen different types of loans with terms ranging from 1 month resets monthly on LIBOR 30 days to 25 years fixed. Our lending professionals are trained to assist you with the financial services best for you and your company. It may also be required for you to provide one or more forms of identification. You may also be interested in: Commercial lending officers at South Central Bank can help with your business start-up and the success that follows. Lines of credit, personal property loans, and real estate loans available. South Central Bank offers a long-standing tradition of being the local leader in agricultural lending.
This information may be used to deliver advertising on our Sites and off-line for example, by phone, email and direct mail that’s customized to meet specific interests you may have. Many farm lending institutions who offer farm loans limit their customers borrowing abilities by placing unrealistic restrictions on collateral and financial condition. The right equipment can make a big difference in the life of a farmer and an equipment loan at the right time can be a godsend. Our commercial farm loans must be secured with agricultural real estate and farming loan amounts start at $400,000 with a maximum of $25,000,000. Our seasoned loan staff is efficient in all types of farm loans in all areas of the country shortening your time from application to closing. The programs also make funding available to individuals to finance vital improvements necessary to make their homes decent, safe, and sanitary.