Planting Roots for the Next Generation of Farmers: Your Guide to the Financial Tools Available
Start your farm or ranch operation with the
Nebraska Investment Financing Authority (NIFA) Program
This program is designed specifically for first-time producers to give them an advantage when making their first purchases, offering 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 rates when combined with other eligible programs
• $667,500 first purchase (NIFA) - $600K FSA funds for additional purchases
NIFA Eligible Uses:
• Purchase Farmland
• Construct Livestock Barns
• Purchase Ag Equipment
• Purchase Breeding Stock
• Terrace Land
• Build Wells
• Purchase Irrigation Equipment
Grow you operation 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
• FSA programs can be combined with other eligible programs
FSA Eligible Uses:
• Farm Real Estate Purchase/Improvements
• Equipment Purchases
• Livestock Purchases
• Farm Storage Facilities
• Operating Lines of Credit
• Debt Restructure
Start your agribusiness with the
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
• Can be used for revolving and term debt
• Longer loan terms - Reducing regular repayments and allowing sustainable cash flow
SBA Eligible Uses:
• Operating Lines of Credit
• Business Acquisition or Partner Buyouts
• Business Startups
• Equipment Purchase
• Inventory Purchase
• Real Estate Purchase and/or Construction
• Leasehold Improvements
• Working Capital
• Existing Business Debt Refinance
