Planting Roots for the Next Generation of Farmers: Your Guide to the Financial Tools Available
At First State Bank Nebraska, we know the challenges young and beginning farmers face when getting started. That’s why we partner with NIFA, FSA, and SBA to offer you loans designed to help you purchase land, equipment, and resources with flexible options and trusted guidance. Whether you’re stepping onto your first acres or expanding a small operation, we’re here to connect you with state and federal programs that support your growth and help you build a legacy you’re proud of.
Start your agribusiness with the
Nebraska Investment Financing Authority (NIFA) Program
This program is designed to give first-time producers an advantage when buying land by offering access to agricultural loans at lower interest rates.
Why Choose NIFA?
- More capital available than FSA alone
- Initial purchase made through NIFA in order to reserve FSA funds for future usage
- $1.2MM total available at discounted rate
- $616,100 first purchase (NIFA) - $600K FSA funds for additional purchases
- Funds can be used for real estate, livestock, and equipment
Grow your agribusiness with a
Farm Service Agency (FSA) Loan
FSA programs are designed to give producers an advantage when purchasing ground by offering access to agricultural loans at lower interest rates with longer terms.
Why Choose FSA?
- Provides opportunity for the next generation to come back to or expand the farm or ranch
- Offers ownership loans and operating lines at lower fixed rates with longer terms - Flexible terms are available if rates drop
- Facilitates the purchase of ground, expansion of operations, construction of farm dwellings, servicing buildings or other improvements essential to your operation
Apply for government guaranteed funds with
Small Business Administration (SBA) Financing
The Small Business Administration offers a Government Guarantied Loan Program that facilitates lending to small businesses and underserved markets.
Why Choose SBA?
- Limits required cash down - Initial investment into the business is not as large
- Reduces required collateral pledged - Oftentimes, personal assets are not required
- Longer loan terms - Repayment stretched out over a longer period of time, reducing regular repayments and allowing business sustainable cash flow