

Farm Loans for South Dakota Agriculture
Are you looking for a farm loan in South Dakota? Do you have farm real estate? Do you need operating capital? Conterra provides farm real estate backed loans in South Dakota and throughout the United States. Conterra can provide a variety of loan products including revolving lines of credit (RLOC) in South Dakota. You can refinance your RLOC into a low long term fixed rate which can help reduce your risk in your South Dakota farm operation. Conterra also offers crop insurance and operating lines of credit in South Dakota. 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 South Dakota and he knows the challenges that South Dakota 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.
Â
South Dakota Ag Production
Conterra knows South Dakota’s agriculture is the leading industry with $21 billion impact on the economy. The Mount Rushmore State averages 31,500 farms averaging 1,300 acres producing a variety of products. In 2017, 5 million acres of farmland was planted to corn which resulted the sixth largest corn acreage in the nation. The main commodities in South Dakota agriculture are corn (maize), alfalfa (lucerne), rye, flaxseed, wheat, and soybeans.


Lending in South Dakota FAQ's
Can I get a loan using my land as collateral in South Dakota?
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 South Dakota 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 South Dakota farmers.
What are the steps to expand my farm operation in South Dakota?
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 South Dakota 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 South Dakota?
Yes, Conterra offers crop insurance in South Dakota. 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 South Dakota?
Yes, Conterra has (OLOC) operating lines of credit programs for farmers and ranchers in South Dakota. 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.