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Agriculture Loans

Our knowledge and experience allows us to offer the most innovative ag loans and finance solutions available.

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Our past benefits your future.

We’ve been serving the Agriculture community for over a century, so we understand the complexity and volatility of the industry and have a proven track record of standing by our customers and local communities. We will continue to support the future generations of agriculture in a spirit of innovation with broad financial capabilities to move their business forward.

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A farm woman in her field at sunrise with her dogs

Term Loans

Your industry is fueled by state of the art livestock and crop production equipment, grain processing machinery and the latest technology innovation that will help you better manage and grow your business. With a personalized lending approach, your loan officer can help customize a solution that will allow you to gain the tools you need to operate more efficiently meet your bottom line goals.

  • New or used equipment and machinery of all types
  • Land purchases
  • Buildings or improvement loans
  • Farm Service Agency (FSA) beginning farmer loans
  • Iowa Agricultural Development Division
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Agriculture Real Estate Loans

In the market to buy farm property? Check out SCSB's New Financing Options for Ag Real Estate Loans. An alliance between SCSB and the American Bankers Association enables us to offer new loan products that help finance existing or new ag mortgage loans at a discounted rate to our customers. Along with those discounted rates are a variety of new options including rates that are fixed for 10, 15 and 20 years.

Who is Eligible?
These new loans are designed to benefit those who are US citizens involved in agriculture and agribusiness as well as farmers and ranchers.

What is Eligible?
These loans can be used for a purchase, or commit to purchase, a first mortgage on ag real estate. It can be a single-family residence, primary or second home. Ag production must be feasible and intended. There is no minimum or maximum acreage requirement. However, if the property is less than five acres, $5000 minimum annual gross sales of agricultural products from the property must be documented. The property can also include facilities used in storage, processing and marketing of agricultural products.

What Loan Options are Available?
SCSB now offers a variety of ag real estate loan products to suit your individual situation including:

  • Adjustable Rate Mortgages - Fixed interest rates for the initial loan period, then new rates adjusted to the new rate environment.
  • Variable Rate Mortgages - The 5-year variable rate mortgage has a fixed interest rate for the initial 5-year period. Then the interest rate adjusts for two additional 5-year periods.
  • Fixed Rate Mortgages - There are 10-year, 15-year and 20-year fixed rate loan options available. Payment frequency options include monthly, semi-annual or annual payments. By offering these flexible loan terms and competitive rates, SCSB can provide those involved in ag a risk management tool to balance short-term borrowings with a fixed-rate mortgage. Contact a loan officer at any SCSB location for more details as to how this new loan program can give you the best deal on ag real estate purchases.
  • Farm Service Agency (FSA) beginning farmer loans
  • Iowa Agricultural Development Division


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Beginning Farmer Loan Programs

Getting started on your own in farming requires capital, and that can be a challenge. The Beginning Farmer Loan Programs through Shelby County State Bank enable beginning farmers to purchase farmland with the advantage of low interest rates.

A beginning farmer can participate in this and other Iowa Agricultural Development Division (IADD) programs through SCSB, as long as the applicant and the project meet guidelines.

Loan Participation Program
The Loan Participation Program assists low-income farmers to secure loans and make down payments. IADD participation can be used to supplement the borrower’s down payment, helping a farmer secure a loan more readily.

Beginning Farmer Tax Credit Program
This program allows agricultural asset owners to earn tax credits for leasing their land, equipment and/or breeding livestock to beginning farmers.

Beginning Farmer Custom Farming Tax Credit Program
This tax credit program offers a tax credit to anyone hiring a beginning farmer to do agricultural contract work for the production of crops or livestock.

More information is available at Iowa Finance Authority or by contacting a SCSB Loan Officer at Shelby County State Bank.