Financing for Beginning Farmers and Ranchers
First State values the hard work of our local farmers and ranchers, which is why we are proud to offer Nebraska Investment Finance Authority’s (NIFA) Beginning Farmer/Rancher Loan Program. With financing through First State and NIFA, you’ll work with one of our trusted lenders to find a financing solution that works best for you and your operation.
As a beginning farmer, it’s important that you have the opportunity to start or scale your agribusiness with the right financing for your operation. NIFA funds can be used for the purchase of farm land, permanent improvements to such land, equipment and machinery, or breeding livestock.
How it works: First State and NIFA will work together to offer you a competitive interest rate on your loan. This process will help you, the beginning farmer, access agricultural loans at lower interest rates than conventional financing. You’ll complete the entire loan process with one of our ag lenders, so you can be assured that you’ll get the best service and loan option for your business.
Qualifications
- Land must be located in Nebraska
- Producer must have a net worth under $500,000
- The purchased land cannot be jointly owned or purchased
- The buyer must participate in the production of the land
- Producer does not currently own “substantial” farmland
- The land must be purchased at Fair Market Value
Contact an agricultural lender to learn more about your options with NIFA’s Beginning Farmer/Rancher Loan Program.