- Agri-Business
- Loans
- Bold Roots Farming Program
Going into business is a bold move. We can help you plant your farming business's roots.
The Bold Roots Farming Program from Minnwest Bank is designed to help aspiring farmers like you access financial resources and get started on your agricultural journey.
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The program provides support for individuals who are new to farming or farm ownership, including those who may lack access to the capital and resources necessary to acquire or expand a farm. Whether you're starting from scratch or looking to transition into full-time farming, this program offers a range of benefits to help you succeed.
- Access to capital at preferential interest rates
- Extended loan terms (amortization)
- Minimal down payment requirement
- Work with an experienced lender who knows and understands agriculture
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- 10 years or less of experience operating a farm
- Substantial participation in managing and operating a farm
- Current land ownership limited to no more than 30% of the average farm size in your area at the time of your application.
- Must be able to demonstrate financial responsibility and the ability to repay loans, even if you lack traditional credit history.
Bold Roots Farming Program provides a range of loan options tailored specifically for beginning farmers. These loans can help you:
• Purchase farmland: Get financing to buy your first farm or expand an existing one.
• Operational Support: Obtain funding for operating expenses such as purchasing seeds, livestock, equipment, or infrastructure development.
• Fixed asset loans: Get the funding you need to keep your operation running, including loans for machinery & equipment, livestock facilities and more.
Farming is a unique and rewarding profession, but it comes with its own set of challenges. Our Bold Roots Farming Program is designed to ensure you have the tools and support necessary to turn your dream of farming into reality. With financial assistance, mentorship, and educational resources, you’ll be on your way to building a sustainable and profitable farming operation.
Let’s get you started on your farming journey. Contact a Minnwest Bank Ag Banker today to learn more.
