Conventional Agricultural Loans

Operating Lines of Credit

• Used for normal farm operating expenses. Example: (crop inputs, feed, repairs, hedging, yardage, etc.)
• Loan maturity up to one year
• Both revolving and draw-down lines available
• Our operating lines are tailored to fit your operation's cash flow needs
  

Feeder Livestock Loans

• Used to purchase feeder livestock
• Flexible terms
• Revolving lines of credit available
  

Equipment Purchase Loans

• Used to purchase equipment and vehicles used in the farming operation
• Flexible maturity and repayment terms available
  

Real Estate Loans

• Secured by real estate (normally does not include primary residential property (see Personal Real Estate Loans)
• Purpose of loan can vary from the purchasing of real estate to the consolidation of existing debt
• Offers the advantage of longer repayment periods (up to 25 years)
• Competitive interest rates
  

Custom Cattle Feeder Financing Loans

• Houghton State Bank provides financing for custom feeder calves, feed, yardage, and related expenses to eligible borrowers.
• General loan requirements include a $100 - $125 per head equity investment from the borrower depending on several factors, including borrower financial strength, hedging practices, borrower history, etc.
• Borrower must maintain at least $100 equity in the cattle either through hedging or cash injection.
  

Please contact one of our Agricultural lenders at 712-623-4823 for more details.