September 24, 2023


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The 7 Best Farm Loans of 2021

Best for Low Down Payment: Farm Credit Services of America

Farm Credit Services of America

Our best low down payment lender, Farm Credit Services of America, can act as the commercial lender partner for the low fee, low rate, low down payment loans offered by the FSA, and further stands out with its down payment financing for contract facilities.


  • Can be used for virtually anything having to do with farm operations

  • General and Specialized loans

  • Breeding livestock loans

  • Contract finishing loans


  • Must be 35 years old or less to qualify for the low down payment terms

  • Must have less than 10 years of primary operation management

  • Projected annual gross farm income must be less than $250,000

  • Lends in Iowa, Nebraska, South Dakota, and Wyoming only

Farm Credit Services of America goes the extra step by helping you finance your down payment, making them our best low down payment farm lender.

To qualify for a 5{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} down payment loan, you need to pursue one of the USDA FSA loan programs. Farm Credit Services of America can help you finance even your down payment money, which is usually something lenders won’t do. 

Naturally, with just a 5{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} down payment, the borrower’s upfront costs become much lower. All that will remain will be the appraisal, title, and other document fees for the loan to close. During the loan, the annual percentage rates are dictated by the USDA and are in the 2.0{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} to 2.5{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} range.

Funds from Farm Credit Services of America can be used for cash liquidity during startup operations, restoring liquidity for farms facing operational challenges, and the purchase and breeding of livestock. 

The company has loans and leases, rural home loans, insurance, and specialized financing for large-scale food companies. Credit scores and financial history matter, but they are considered with your whole financial picture. 

The company’s portfolio is sound thanks to how they’ve spread their exposure across several agribusiness capital niches, such as swine, renewable fuels, grain, and forest products, to name a few. This diversity across commodities has allowed them to build their capital commitments up to $16.9 billion in 2019. They have grown every year since 2011.