| Updated: May 08, 2024 | Published: January 04, 2021

Farm Credit Loan Requirements & Process: How to Get a Loan

At Farm Credit, we know agriculture and rural living. For over 100 years, we've been helping people like you achieve their goals of buying land, building their homes, purchasing farm equipment, and growing their agriculture businesses.

Let's talk about how to get a loan at Farm Credit, what Farm Credit loan requirements are, and what to expect through the application process.

How to Get a Loan with Farm Credit

When you're ready to make it happen, here's how to get a loan with Farm Credit:

1. Connect with a Loan Officer

Unlike other agricultural lenders, we know that your situation is different than your neighbors’. You need a personalized experience to make sure you’re making the right choice for you and your family. 

Right off the bat, we’ll connect you with a loan officer to discuss your goals. Whether it’s looking to build, buy land or grow your farm, our loan officers know all the right questions to ask to help you make the best decision for you.

2. Provide Documents (Farm Credit Loan Requirements)

Once we have a good idea of what loan is best for you, we’ll explain the Farm Credit loan requirements and begin the application process. Depending on what your goals are, you may need to provide:

  • Business Plan
  • Balance Sheet
  • Three years of tax returns
  • Bank statements
  • Asset verifications like stocks, mutual funds, retirement account, etc.
  • Pay stubs or YTD profit and loss statement
  • Copy of your driver’s license

Your loan officer will review the complete list of items loan requirements with you, but it never hurts to start compiling them now!


After we receive the paperwork required to evaluate your financial position, we will get started on the analysis. Your loan officer will work with our team to review your credit and financial position to develop a custom Farm Credit loan package that best fits your needs.

3. Receive Decision

Once you’ve been approved for a Farm Credit loan, you’ll finalize your loan terms and conditions, choose a settlement attorney, and obtain the necessary insurance, if applicable. During this time, your loan officer will order your appraisal and the processor will contact your closing attorney.

If you are not approved for a Farm Credit loan, ask your loan officer what you can do to improve your application in the future - they're here to help you!

4. Receive Loan Closing Information

Once you're comfortable with all terms and conditions, you’ll work with your loan officer to schedule the time, date and location for your loan closing. They’ll also let you know what you need to bring with you to settlement. Ask your loan officer about DocuSign so you can sign your documents on the go from your truck, tractor or anywhere you have internet access!

5. Close Your Loan

Hooray! You made it to closing – now what? Once you sign your Farm Credit loan paperwork, here are some tips to keep the “after” part easy:

  • Keep in touch with you Farm Credit team – they’re here to help you!
  • Keep insurance and taxes paid, and property in good repair.
  • Set a reminder to send updated financial statements and tax returns each year.
  • Make your scheduled payment (Ask us about Digital Banking and other auto-payment programs).
  • See what other services we can help you with including Accounting, Records, Payroll & Taxes; Crop Insurance; Farm Succession Planning; and more!

The loan application process can seem tedious at times, but once you’re sitting on your new front porch or running the numbers to see how your operation has grown, you’ll realize that the journey was worth it.

And the best part? You don’t have to do it alone.

Contact us to connect with a loan officer and let us know how we can help you make your dreams come true.

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