Farm Credit Mid-America is a financial cooperative that has been serving farmers since 1908. It offers a variety of loans for farmers, including real estate loans, equipment financing, and crop insurance. It also has a variety of programs to help farmers with their changing needs.
The biggest advantage of Farm Credit Mid-America is its breadth of services. It is one of the few lenders that offer equipment financing, cash management, crop insurance, and food and fiber debt syndications. It also has a Patronage program that returns a portion of the profits to eligible customers each year.
The biggest disadvantage of Farm Credit Mid-America is that it is only available to farmers in Indiana, Ohio, Kentucky, and Tennessee. Another downside is that it requires a 5% down payment for most loans.
Overall, Farm Credit Mid-America is a good option for farmers who need financing for their operations. It offers a wide range of services and programs to help farmers succeed.
- Breadth of services
- Patronage program returns a portion of profits to eligible customers each year
- Only available to farmers in Indiana, Ohio, Kentucky, and Tennessee