Peoples Agriculture Loans

USDA's Farmers Home Administration provides financing for the purchase of farmland if you have 3-10 years farming experience and currently own less than 25% of the average acreage in your county.

Below market interest rates for the life of the loan

Longer-term financing to help ease cash flow during the years of your operation

Permitted purchases from relatives if you're looking to keep the family farm in the family

This program provides affordable financing to new farmers for capital purchases including farmland, improvements and new or used farm equipment. If you're 18 years or older and you have no prior ownership in a substantial amount of land, this program has great benefits.

Below market interest rates for the life of the loan

Longer-term financing to help ease cash flow during the years of your operation

Permitted purchases from relatives if you're looking to keep the family farm in the family

The State Linked Deposit Program offers Illinois farmers with affordable financing for operating capital, livestock and equipment purchases. In this program, the State of Illinois deposits money at Peoples National Bank for up to one year - funds which the bank loans to farmers for up to one year.

Below market interest rates guaranteed for one year

Low down payment requirements to help free up cash

This program provides financing to farm operators who have encountered poor earnings from adverse weather and whose financial position is expected to improve over time. Purposes include the financing of operating capital, equipment, livestock, farmland and improvement purchases.

Reduced interest rates

Longer-term financing

Agri-Prime is our agriculture line of credit that lets you "write your own loan" without even having to come into the bank. It's a three-year open credit line that you can access for any financial need: crop or new equipment financing, the purchase of new farmland - you name it!

Write yourself a check for as much money as you need (up to your established credit limit)

Flexible payment terms

Competitive interest rates

Available option at maturity to transfer capital purchases to a fixed-term note

Farmer Mac I provides financing for conventional ag loans. Farmer Mac II is also available for farming operations that qualify for the Farm Service Agency Guaranteed Loan Program. These loans allow your operation to finance farm land for 5 to 15 years with amortizations of 15 or 25 years. Fixed and adjustable rates are available. For our more mature farming operations, "choice" pricing may be available.

Flexible options on rate and term

Quick preliminary approval from Farmer Mac

Assistance with application process and continued servicing by your local Ag Lender