The United Difference - Beginning Farmer Loan

Have You Heard About Our Beginning Farmer Loan Program?

This program is designed to support young people getting started in farming and, quite often, can assist with succession planning as new generations enter the family farming operation. It offers flexible terms and reduced rates for an initial period of time, based on the borrower’s requests. Financing is available for a variety of purposes, including operating costs, annual crops, livestock, machinery and equipment, farm purchases, and non-farm capital investments. The program also provides one-on-one guidance and additional financial tools to assist in decision making when expanding an operation.

Are YOU eligible for our Beginning Farmer Loan Program? A beginning farmer is an individual or entity who:

Meets Farm Service Agency (FSA) definition of a beginning farmer
Has not operated a farm for more than 10 years
Substantially participates in the operation
Applicant’s short-term operating line of credit must be with UBI or FSA
Applicant cannot own a farm greater than 30% of the average size farm in the county, at time of application
Non-consumer purchase only (no rural homes/residences)
If applicant is an entity, all entity members must be eligible
No internal refinance of existing debt

For more information, contact an ag lender at your local UBI office.

See What Our Customers Are Saying!

“Our experience with UBI has been nothing but great! We have banked with UBI for over 40 years. They are dependable, competitive and have great customer service. UBI helped get our boys, Colton and Casey, into farming with the Beginning Farmer Loan. We appreciate that UBI understands generational succession planning and are proactively getting our family ready by allowing our kids to stand on their own two feet. Our lender, Lauren Mohrhauser, went above and beyond on processing the Beginning Farmer Loan. She found answers to all of our questions and even would communicate with us over the weekend. Lauren made everything seamless; we just had to sign the papers!”

- Carstensen Family
(pictured with UBI lender Lauren Mohrhauser)

“UBI is really our business partner; they are always ready to bounce ideas around and help us achieve our dreams. When we were building our cattle barn, it was challenging to learn everything about the process. The Sac City UBI staff helped to relieve some of that stress by providing their first-hand experience with the process and knowledge on how to get it done smoothly.”

They continued, “Our lender, Matt Huegerich, takes the time to understand our operation and we appreciate all the knowledge that Matt provides. He is truly a business partner in our operation. UBI helped our son, Matt, get his first loan. It’s nice to know UBI takes the time to invest in our future farmer and will really dive into the numbers to help teach him.”

- Brinkman Family
(pictured with UBI lenders Matt Huegerich and Michael Musselman)

“UBI is a hometown bank! We started banking with UBI in the early 90’s and continue to receive great service. Our lender, Shawn Doran, is our guy! Shawn is very good at communicating and bouncing ideas around with us for our operation. When we have questions on the weekend or after hours, Shawn is just a quick call or text message away with an answer. We appreciate the availability he provides and his knowledge of agriculture.”

They continued, “Shawn became our lender in 2010 when he started with UBI in Ida Grove. We have truly grown together and have 100% trust in Shawn, knowing he has our back. We enjoyed our relationship so much that when Shawn transferred to the Kingsley branch a few years ago; we requested that he remain as our lender. It’s important to us to have a lender that we have a personal relationship with. Shawn knows our operation and always looks out for our family’s best interest.”

- Cranston Family
(pictured with UBI lender Shawn Doran)

“UBI is always easy to work with and made the process of getting a loan easy and smooth. Our lender, Ron Rice, is always on it! Anytime we have a question, Ron makes sure to find the answer and get back to us promptly. We appreciate how flexible UBI is – as a busy family, it’s not always easy to make it into the bank during normal hours. Ron is always ready to meet us early in the day or after work and will even drive paperwork out to our house!”

- Todd Family
(pictured with UBI lender Ron Rice)