The Lender of Choice for Poultry Financing
Which Came First, the Chicken or Farm Credit?
Okay, we're being funny. But asking if Farm Credit came before or after the poultry industry is maybe a harder question.
At the turn of the 20th century, there were farmers who raised chickens. They bought feed from grain mills. They sold their flocks to processors and got their birds from small hatcheries. During this time, chickens were used for individual family needs or later sold at auction. By the 1940's, these processes were being integrated by a single entity, controlling the process to better control costs, find efficiencies, and ensure a consistently good product to sell to consumers.
By the time vertical integration came on the scene, Farm Credit was a staple in the community--having provided credit for farmers for decades. Created in 1916 by Congress to ensure a consistent source of funding for agriculture, Farm Credit was structured like many rural cooperatives-- with local borrowers leading the strategic direction of the organization, and members sharing in the cooperative's success.
That model has served us--and agriculture--well, giving farmers reliable support, in good times and in bad. We are intricately tied to the agriculture industry, because that is what we were created to serve. How does that translate to helping you today? Here are some of the ways:
When we do well, you do well-as we return a share of our profits to our member/borrowers. Have our competitors told you it doesn't amount to much? Since 1990, we've distributed over $300 Million in CASH to members in the Mid-Atlantic region. So...we respectfully disagree.
Financing Just For You
No one knows the poultry industry, or has closer ties to it, than Farm Credit. And no one understands the resources available to you better than us either. Need a lower down payment? We're an FSA-Approved Lender and can work with you to get an FSA guarantee. Have a project in Maryland? We helped develop a new poultry guarantee program through that state's Department of Business and Economic Development. And, we offer a similar program with the Delaware Economic Development Office. Confused by proposed regulations? We visit with state legislators frequently to talk about upcoming changes-- and we'll be happy to share our insight. Plus, we offer special programs for young and beginning farmers, and we offer financing through most of the equipment dealers in the area. Sound good? Sound easy? Call us to learn how we can help you.
Flexible Rates and Terms
It's what it all comes down to, isn't it? We don't have a cookie-cutter poultry program-we create a package that's right for you. Here are some options you can choose from:
It's your choice. Choose an option that is best for you.
- Fixed rates
- Adjustable rate
- Variable rate indexed
- Generally, new poultry houses are financed for up to 15 years
- Land and dwellings can often be financed separately for a longer period of time
- Payments are timed to coincide with flock movement
- One closing for construction/permanent financing
Getting started with a poultry loan at Farm Credit is easy. Print off this Poultry Financing Checklist as a helpful aid for what you'll need before we can begin processing your loan request. If you have any questions, give us a call - we're here to help!