Whether your dairy farm is a cross-generational business or something you are in the beginning stages of growing for future generations, we have options for you at United Ag Lending. As agricultural land financing experts, we’ve supported all kinds of operations, and we’re no stranger to dairy farms.
Dairy farming requires costly accommodations, such as specific infrastructure, automated milking systems, and sufficient feed. We believe that one individual is not meant to carry it all—that’s why we built a flexible dairy farm loan program.
Learn all about the requirements, program highlights, and the process of securing a commercial dairy farm loan with the experts at United Ag Lending.
Dairy farm loan requirements
- Minimum loan amount of $500K
- 680 or higher credit score
- 10+ acreage requirement
Dairy farm loan program highlights
- Loan amounts $500k–$100 million
- Down payments as low as 25%
- Fixed farm loan rates from 10 years to 30 years
- 1-year to 15-year adjustable rates available
- Multiple properties or contiguous parcels allowed
- Outbuildings, sheds, and other land improvements allowed
Repayment
Everyone’s financial situation is different. You may be planning to use your dairy farm profits to pay off your loan, or you may be planning to make payments another way. Regardless of where you’re pulling the funds from, our programs are built to bend with you. You can repay monthly, semiannually, or annually.
As always, let us know if you need a different accommodation.
No prepayment penalty
If your dairy farm is booming, we won’t ever penalize you for prepayment, i.e., paying off your loan early.
The United Ag Lending process
The process of obtaining a dairy farm loan contains three main steps: Consultation, Recommendations and Application, and a Continued Resource.
Step 1: Consultation
During this first step, we’ll meet in person to talk about your plans for your dairy farm as well as your finances. It’s a conversation to help us both decide if working together is the right path. We care about your financial health and your farming goals; our main objective is making sure these are both prioritized.
We’ll talk about:
- Your qualifications and financial abilities
- Your dairy farm plans
- Our loan program options
Check out our glossary on terms we commonly use during our loan process. It’ll help prepare you for all the jargon-filled steps. But if you don’t have time, don’t sweat. We take a highly educational approach to working with clients and can walk you through every step of the way. We’ll always meet you where you’re at.
Step 2: Recommendations and Application
Once we understand your dairy farm and how we can assist the operation, our ag experts will compile the programs that best fit.
We’ll walk you through your options of rates, terms, and all the fine print and answer any questions you have.
Step 3: A Continued Resource
We aren’t just here to process a loan and move on to the next customer; we are here to help you every step of the way. This includes years into your loan and after your loan’s life.
Contact us at any time with questions. We can set up a meeting or chat over the phone at your convenience.
Set up a consultation
At United Ag Lending, we’ll present you only the best options for your dairy farm financing. We understand what it’s like for farming to be your livelihood.
Call us or send us a message to schedule your free consultation.
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