A new “Beginning Farmer Loan” program was recently announced by Peoples Bank and Trust.
“The goal of this program is two fold; assist beginning farmers in recognizing the value and importance of utilizing various farm financial management tools, and provide an introductory ‘start up’ low interest rate program, which will enhance the borrower’s ability to establish a more solid financial foundation growth,” said Dale Ladd, agriculture loan officer, said. “This loan will help the beginning farmer with real estate, equipment and livestock purchases, feed or supplies, and an operating line of credit. In addition, participants will have the opportunity to attend various farm management classes, seminars and programs at no cost to the borrower.”
Information relative to this new source of agricultural capital is available from any Peoples Bank and Trust agriculture loan officer in the Reno and McPherson county area.