Farm Loans for Minnesota Agriculture
Are you looking for a farm loan in Minnesota? Do you have farm real estate? Do you need operating capital? Conterra provides farm real estate backed loans in Minnesota and throughout the United States. Conterra can provide a variety of loan products including revolving lines of credit (RLOC) in Minnesota. You can refinance your RLOC into a low long term fixed rate which can help reduce your risk in your Minnesota farm operation. Conterra also offers crop insurance and operating lines of credit in Minnesota. For highly qualified borrowers Conterra has a new credit score based approval program called Conterra Ag Premier, where we can provide quick approvals usually within 24-48 hours of submission.
Joe Erickson is our relationship manager in Minnesota and he knows the challenges that Minnesota farmers are facing. He is ready to talk about your farm and what Conterra can do to provide financing for your operation. Lets Talk About Your Options.
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Minnesota Ag Production
Conterra knows Minnesota as the land of 10,000 lakes. Minnesota’s agriculture corn and bean fields account for more surface area that all water surfaces in the state. Outside of being a top row crop producing state, Minnesota is also the top producer in sugar beets, green peas, and wild rice. The main commodities in Minnesota agriculture are soybeans, corn, livestock products, wheat, and processed vegetables.
Lending in Minnesota FAQ's
Can I get a loan using my land as collateral in Minnesota?
Yes, Conterra offers ag real estate lending. We have creative financing to maximize your purchasing power through ag real estate collateral.Â
How long are your terms for financing Minnesota farm land?
Conterra has long term fixed rates out to 30 years, as well as short term financing, bridge loans, and RLOC’s to meet the financing needs of Minnesota farmers.
What are the steps to expand my farm operation in Minnesota?
Increasing your working capital helps your chances of successfully growing your agribusiness. You have options available through the value of your real estate to expand your operation and mitigate your financial risk by having more cash for operations. Your first step is to talk to one of our ag lending experts to learn more about leveraging the equity and value of your land to help expand your operation.
Can I increase my working capital to finance farm upgrades with revolving line of credit or cash-out operational loan.
Yes, Conterra has many financing options available to help finance your farm’s needs including revolving lines of credit (RLOC) which can later be refinanced into long term loans.
If I get approved for a land loan, does an appraisal need to be ordered on the property?
Yes, Conterra will order an appraisal on your land in Minnesota through our network of certified appraisers. With our Conterra Ag Premier application we utilize an internal evaluation on the property.
Does Conterra offer Crop Insurance in Minnesota?
Yes, Conterra offers crop insurance in Minnesota. This includes Margin Protection, Yield Protection, Whole Farm Revenue Protection and other farm insurance products. Please visit our Crop Insurance Page to learn more or contact your regional relationship manager to learn more.
Do you offer Farm Operating Loans or Operating Lines of Credit in Minnesota?
Yes, Conterra has (OLOC) operating lines of credit programs for farmers and ranchers in Minnesota. You can learn more on our Operating Loans page or contact your regional relationship manager to learn more.Â
We have a many loan products including our Rapid Application which is a credit scorecard based model designed to deliver quick underwriting decisions with a simplified application process.