Bank Loans for Land & Farm Equipment
At West Plains Bank and Trust Company, we understand the deep roots of American farming and ranching, and the impact that successful, well-supported agricultural operations can have on our local economy, culture and environment.
We're proud to offer a full range of farming and agriculture loans, each designed to help farmers meet the unique financial challenges of modern ag. Whether you need a land loan to expand your operations or farm equipment loans to purchase a tractor, equipment or technology to stay ahead, we've got you covered.
Ready to grow? We're here to support farming and farm families every step of the way, keeping our agricultural economy strong. Stop in at any of our five convenient locations in Southern Missouri, or click the button below to get started.
What Types of Agricultural Loans Are Available?
From small truck patches and Christmas tree farms to thousand-acre spreads, every agricultural operation is different, marching to its own unique, seasonal beat. West Plains Bank and Trust Company offers a wide variety of farm loans to meet any goal.
Types of agricultural loans we offer include:
Farm Land Loans
Smart, well-timed land purchases are often what separates successful farming and ranching operations from those that just can't seem to get ahead. Our farm land loans can help you finance a new agricultural property to expand your operations, invest in land improvements or even refinance your existing debt for better terms.
Smart, well-timed land purchases are often what separates successful farming and ranching operations from those that just can't seem to get ahead. Our farm land loans can help you finance a new agricultural property to expand your operations, invest in land improvements or even refinance your existing debt for better terms.
Farm Equipment Loans (Fixed-Asset)
Modern farming depends on sophisticated machinery, and when a vital piece of equipment is nearing the end of its life, any breakdowns and delays can add up fast. Need a new tractor, harvester or other essential equipment to get the most out of your acreage? Our farm equipment loans offer easy, ag-friendly terms, to get you the tools and infrastructure you need to boost profits.
Modern farming depends on sophisticated machinery, and when a vital piece of equipment is nearing the end of its life, any breakdowns and delays can add up fast. Need a new tractor, harvester or other essential equipment to get the most out of your acreage? Our farm equipment loans offer easy, ag-friendly terms, to get you the tools and infrastructure you need to boost profits.
Farm Line of Credit
Farming lines of credit offer a source of easy-access funding for ongoing expenses like fuel, seeds, fertilizer, livestock feed, equipment maintenance and more. The flexible line of credit lets you borrow what you need when you need it, up to a preset limit. Borrowers only pay interest on the amount they use, rewarding you for careful spending while providing an immediate lifeline for the unexpected.
Farming lines of credit offer a source of easy-access funding for ongoing expenses like fuel, seeds, fertilizer, livestock feed, equipment maintenance and more. The flexible line of credit lets you borrow what you need when you need it, up to a preset limit. Borrowers only pay interest on the amount they use, rewarding you for careful spending while providing an immediate lifeline for the unexpected.
Our experienced loan officers work closely with farmers to find the right farm loans for any need, challenge or goal. We're here for farm families, because they're here for America. Click here to contact a loan officer today.
What Can Agriculture Loans Be Used For?
Agriculture loans from West Plains Bank and Trust can be used for a variety of farming and agricultural-related purposes, including:
- Purchasing farmland or refinancing existing farm-related debt.
- Financing agricultural equipment or machinery.
- Funding farming-related expenses like seeds, fertilizer, fuel, feed, etc.
- Land improvements like irrigation, drainage or fencing.
- Building or expanding farm infrastructure like barns, feedlots, silos, etc.
Who Can Qualify for an Agricultural Loan, and What Factors Does West Plains Bank and Trust Company Take into Account?
The potential of an agricultural operation depends on a lot more than just a credit score. When considering applicants for farm loans, we look at a full range of factors that could impact future success. Issues we'll take into account when considering an ag loan application include:
- The borrower's farming experience and management skill.
- The intended purpose of the loan.
- Market conditions for the agricultural products you produce.
- Your operation's financial history, size and projections for future growth.
- Your personal and business borrowing and repayment history.
- Available collateral, including equipment, land, machinery, etc.
- Your agricultural operation's overall business plan and income streams.
- The character and reputation of the borrower within the community.
Farming has its ups and downs. But when we support local farmers and help the next generation of farm families achieve their dreams, we're keeping the oldest and most important industry in the U.S. thriving for the next generation.
Contact us today, or stop in any of West Plains Bank and Trust Company's five locations in Southern Missouri to discuss your options. Together, we can get your farm or ranch growing.
West Plains Bank and Trust Company -- Supporting Farmers Since 1883
Since the days when farming was done with mules and single-row plows, West Plains Bank and Trust Company has made it our business to understand local agriculture and the unique challenges hardworking farm families face. We're ready to put more than 140 years of farming insight to work for you.When you bank with us, you're not just getting a farm loan. You're working with a pillar of the local economy, and a banking team that understands the passion and determination that drives farmers. Through thick and thin, we're ready to be your financial partner.
Visit any of our locations in Southern Missouri.