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Posted January 11, 2022 in Banking Tips, Ag Banking

Agriculture Banking for Your Farming Needs

Agriculture Banking for Your Farming Needs

Your farm is your business.

This means farming operations need to run efficiently in order for you to make a profit.

With proper financial management through ag banking, you can take your farming pursuits to the next level by supplying it with the right resources for growth.

To help, we identified four farm resources that can be managed and financed with an ag lending group like Security First Bank.

 

Resources for Ag Bank Lending and Loans

The financing needs of the agriculture sector are unique.

The farming industry faces many uncertainties, like weather or crop pests — affecting your bottom line. That’s why Security First Bank offers flexible ag financing to manage the unpredictability of your business.

We’ve been working with local farmers and ranchers for years on ag business solutions. Meaning, our bank really understands agriculture. With the changes in ag, it’s important to know the markets and understand when profit opportunities present themselves.

Security First Bank has individuals in place to help give insight. Work with an agriculture loan officer you can trust who has been around for a long time and has the right experience to help you accomplish your goals.

Based on what your farming needs are, we can find you an ag loan, low interest loan, or another farm operating line of credit to support them. Here are examples of how our farm lending can get you the cash you need to harvest results at your operation.

1. Invest in New Agriculture Equipment.

Financing for new machinery improves overall operations and allows you to produce more effectively.

Changes to a farm operation are often required due to uncontrollable factors such as the weather, delivery times, equipment malfunctions, etc. Investing in new technology delivers a stronger yield of return, inevitably making growth and expansion more possible for your farm.

2. Purchase Livestock.

Purchasing livestock requires additional foresight since feeding, transporting, and herding are all required costs to consider for farm animals.

With the nature of the farming business, it’s important not to have to go through hoops prior to purchasing livestock. We understand that. That’s why we offer ag loans for cattle, pigs, and other farm animals.

3. Buy Seeds and Facilitate Crop Production.

Buying seeds and facilitating crop production are farming necessities. With a flexible line of credit, financial demands for daily crop operations can be fulfilled with access to funds when you need them.

With a farm operating line of credit, you’re able to focus on your expertise in growing the goods for fall harvest without worrying about the finances.

4. Purchase New Land.

Land is the largest asset in most farming operations. If the right opportunity presents itself with a land sale, it could be a good time to invest in land for the long term.

Typically, buying land for your farm is a sound investment even in times of economic downturn. Rely on Security First Bank to go the extra mile in helping during these times of disaster and stress.

 

    Count on Security First Bank for Ag Lending Services

    We understand that your farm is your ultimate source of income. If you are looking for a professional in ag banking services, look no further.

    We can help you run it more efficiently with ag banking and lending. Our team of ag lenders in Nebraska and South Dakota have many years of experience to support your farm lending needs. They can help you find a competitively low rate on ag loans for almost any agricultural purpose. Start by contacting an ag banker near your location.