Agriculture is a vital industry in the state of Tennessee, and there are many financial institutions that offer loans to farmers and ranchers in order to help them be successful. In this blog post, we will be discussing the four best Tennessee farm, ag, and ranch loans based on our research.
Best for Breadth of Offerings
AgAmerica is a land lending company that specializes in loans for farmers and ranchers in Tennessee. The company offers a variety of loan products to meet the needs of its customers, including interest-only lines of credit, term loans, and alternative financing loans. AgAmerica’s land loans are designed to help farmers and ranchers increase productivity and achieve their financial goals. The company is committed to working with multi-generational family farms and ranches in Tennessee and providing them with the financial resources they need to be successful.
Farm Credit Mid-America offers a variety of farm loans to farmers in Tennessee. The company specializes in ag lending and has nearly 100 local offices across its four states. Farm Credit Mid-America offers competitive rates with long-term fixed-rate financing options for farm real estate loans. The company also offers operating loans to meet the routine cash flow needs of businesses and manage risk. Short-term loans are also available for updating machinery and equipment. In addition, the company offers leasing options and business loans for financing many farm-related services. Farm Credit Mid-America also has a Farm Cash Management program to maximize returns on idle funds.
Best for Crop Insurance
First South Farm Credit is a financial cooperative that provides a variety of loan options to farmers in Tennessee. The cooperative is owned by its customers, and members have the benefit of voting in the election of the Board of Directors. First South Farm Credit is committed to supporting agriculture and rural communities, and offers crop insurance to help farmers manage risks. The cooperative offers a variety of insurance products, including yield protection, revenue protection, whole-farm revenue protection, and livestock risk protection. First South Farm Credit also offers life insurance to protect borrowers’ dependents from the financial burden of outstanding debt.
Best for Multi-State Farmers
Farm Credit Tennessee is a customer-owned financial institution that provides loans and financial services to farmers, ranchers, farmer-owned cooperatives, rural homebuyers, agribusinesses, and rural infrastructure providers in the state of Tennessee. The institution is part of a nationwide network of customer-owned financial institutions called Farm Credit. Farm Credit was established in 1916 in order to provide loans and financial services to rural communities and agriculture. The network has grown to encompass 70 customer-owned financial institutions in 50 states and Puerto Rico. Farm Credit Tennessee is committed to their mission of supporting rural communities and agriculture, and they have a rich history of doing so.