Farm Loans for New Jersey Agriculture
Are you looking for a farm loan in New Jersey? Do you have farm real estate? Do you need operating capital? Conterra provides farm real estate backed loans in New Jersey and throughout the United States. Conterra can provide a variety of loan products including revolving lines of credit (RLOC) in New Jersey. You can refinance your RLOC into a low long term fixed rate which can help reduce your risk in your New Jersey farm operation. Conterra also offers crop insurance and operating lines of credit in New Jersey. 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.
Robby Frantzis is our relationship manager in New Jersey and he knows the challenges that New Jersey 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.
New Jersey Ag Production
Conterra knows New Jersey agriculture enables the state to hold its own with large fruit, vegetable, and nursery stock production state in the nation. The is home to 103,000 farms with an average size of 71 acres and commodities totaled $1.12 billion in cash receipts in 2011. The main commodities in New Jersey agriculture are greenhouse/nursery products, horses, blueberries, dairy products, and chicken eggs.
Lending in New Jersey FAQ's
Can I get a loan using my land as collateral in New Jersey?
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 New Jersey 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 New Jersey farmers.
What are the steps to expand my farm operation in New Jersey?
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 New Jersey 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 New Jersey?
Yes, Conterra offers crop insurance in New Jersey. 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 New Jersey?
Yes, Conterra has (OLOC) operating lines of credit programs for farmers and ranchers in New Jersey. 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.