What is an Agricultural Loan?
December 1, 2015
The efficiency of running a farm relies on the farmer. With the costs of running it and the constant rise of prices of goods in the market, it is at times difficult for farmers to keep up. That’s where low interest agricultural loans come in handy.
Agricultural loans can be used in:
Purchasing farm land. This concerns either starting out as a farmer or expanding your current business. This kind of loan can help you purchase land to be turned into a productive farm.
Covering operating expenses. Heavy purchases do not end in the purchase of land. Equipment is expensive but vital in the efficiency, reliability and quality of the farm.
Marketing their product. Anything to do with bringing products to the market and introducing products to the potential clients and resellers will cost money.
Source: Shannon Tani. Agricultural Loans: Start or Expand a Farm with Agricultural Land Financing.