FarmLend.com is a website dedicated to offering the convenience of being able to make applications for land loans through an online resource. It has seen large expansion, nearly tripling its footprint to twenty-eight states. This is giving farmers a fast track to getting approval for land purchases.
Krista McDonald is Executive Vice President-Chief Strategy Officer with 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 features online calculators and informational 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 multiple scenarios for servicing the debt associated with the land purchase. By entering different combinations of loan terms, yields, prices, and down payments, you can quickly find out if the land purchases are feasible for your operation.
McDonald says the application process is easy to start.
Visit FarmLend.com/getstarted to learn more.