Agricultural Loans

AbbyBank has proudly supported farms and agribusinesses since 1968. Our team of Agricultural Loan Officers are knowledgeable and experienced when it comes to the ag industry, helping provide the tools for you to make the right financial decisions for your farm or agribusiness. Our communities were built on your way of life. We can help you maintain it. 

Our Agricultural Loan Programs

Agricultural Real Estate Loans

Whether you're in the market to buy a farm, refinance your current mortgage or make long-term improvements to your operation, we offer Agricultural Real Estate Loans¹. Our loans can be used by new or existing farms and agribusinesses of all sizes for the acquisition, growth or refinance of agricultural land and buildings.

Agricultural Personal Property Loans

If you don't have access to the right equipment or livestock to get the job done, your farm won't run. Consider a Personal Property Loan¹ for agriculture which can be used to purchase everything you need to maintain your way of life. 

Agricultural Lines of Credit

Need flexible, convenient access to funds? Whether it’s for equipment repairs, crop input, working capital needs, or emergencies, a line of credit¹ will give you access to the cash you need when you need it!

Additional Agricultural Loan Programs & Resources

FSA Guaranteed Loans

A federally guaranteed Farm Service Agency (FSA) loan¹ is designed to provide financing opportunities for family farm startups or the expansion, transition, or improvement of family farm operations. For more information on FSA loan programs, contact one of our Agricultural Loan Officers today!

SBA Loans

Government-backed Small Business Administration (SBA) loans¹ are designed to provide financing for small agribusiness and farm startups and acquisitions, equipment purchases, working capital, or debt refinancing. Contact an Agricultural Loan Officer to find out if a SBA loan is right for you!

The Coronavirus Aid, Relief and Economic Security (CARES) Act was passed to offer relief for small to medium sized businesses impacted by the pandemic. The Act created the Paycheck Protection Program (PPP), which authorizes SBA loans to help cover payroll costs and other eligible items. AbbyBank is an approved SBA lender. If you are a current AbbyBank customer, please feel free to reach out to one of our Agriculture Loan Officers to see if you qualify. 
The U.S. Chamber of Commerce has created a Small Business Guide and Checklist that does a nice job of explaining the SBA Paycheck Protection Program, if you are eligible and what information your lender will be looking for. 
10/8/2020 UPDATE on the SBA Paycheck Protection Program: SBA and Treasury announce a simpler PPP forgiveness for loans of $50,000 or less. Read the SBA press release to learn more.  
Your PPP loan has been funded. What is the next step?
You have up to 24 weeks from receiving the money to pay and track qualifying expenses. Once those expenses have been paid, you can then complete the PPP Loan Forgiveness Application and return it to your Commercial Loan Officer along with all supporting documentation. If you would like to submit that documentation online, you can do so through our Secure Portal. 
Beginning May 26, USDA's Farm Service Agency will be accepting applications from agricultural producers who have suffered losses. The application form and a payment calculator for producers will be available online once signup begins.
Coronavirus Food Assistance Program (CFAP) Eligibility

Eligible producers (person or legal entity) of specified agricultural commodities outlined on the USDA's website who have suffered a five percent-or-greater price decline as a result of the COVID-19 pandemic, and who face substantial marketing costs for inventories, are eligible for CFAP payments.

To be eligible for payments, a person or legal entity must have an average adjusted gross income of less than $900,000 for tax years 2016, 2017, and 2018. However, if 75 percent of their adjusted gross income comes from farming, ranching, or forestry, the AGI limit of $900,000 does not apply.

Persons and legal entities also must:

  • comply with the provisions of the “Highly Erodible Land and Wetland Conservation” regulations, often called the conservation compliance provisions;
  • if a foreign person, provides land, capital, and a substantial amount of active personal labor to the farming operation; and
  • not have a controlled substance violation.

Farmer Mac Loans

Farmer Mac offers a variety of flexible, low-cost financing solutions to fund farms and agribusinesses. For more information on Farmer Mac loans¹, contact one of our Agricultural Loan Officers today!
AbbyBank can also establish Milk Check Assignments so the loan payment comes directly to our bank from the milk company. The payment is deducted from the milk check proceeds either monthly or semi-monthly. This automatic payment option ensures that loan payments are made on time. Contact one of our knowledgeable Agricultural Loan Officers today to get started today!

Free Financial Agricultural Tools/Forms

¹All loans are subject to credit approval