FarmLend.com is a website dedicated to providing the convenience of being able to apply for land loans through an online resource. It has experienced great expansion, nearly tripling its footprint to twenty-eight states. This gives farmers a fast track to getting approval for land purchases.
Krista McDonald is executive vice president and chief strategy officer at Farm Credit Services of America. She talks about how farmlend.com works.
McDonald talks about what the expansion means for those looking for a land loan.
FarmLend.com offers online calculators and information resources to help applicants feel confident with their land decisions and understand how their purchase will impact their bottom line. One tool is the Affordability Calculator which allows you to run several scenarios for servicing the debt associated with buying the land. By entering different combinations of loan terms, yields, prices and down payments, you can quickly find out if land purchases are feasible for your operation.
McDonald says the application process is easy to get started.
To visit FarmLend.com/getstarted to learn more.