Agricultural Banking Services
Whether working with an owner of a small operation or an owner of thousands of acres, our agricultural lending staff has helped our customers adapt to a changing marketplace by offering innovative solutions to unique demands. For all types of loans, no matter how large or small, you can call on the experience that Astra Bank has to offer. We are here to provide you with the prompt, quality service that you expect and deserve.
- Cow/Calf Loans - Cow/Calf loans for cattle purchases are generally structured on annual payments with payment dates to coincide with expected calf sales dates. Annual renewable lines of credit are also available to cover seasonal borrowing needs for ranch related operating expenses.
- Stocker/Feeder - Stocker/Feeder loans can either be structured on individual notes to cover specific programs or an annual renewable line of credit can be established.
- Feedlot Cattle - Feedlot cattle loans can either be structured to cover a specific program or annual renewable line of credit loans can be established.
Crop Production Loans
Seasonal borrowings for crop production are normally structured as non-revolving lines of credit with maturity dates to coincide with planned commodity sales. For farmers wanting to retain ownership in their crop after harvest, we also offer loans on crops in storage.
Line of Credit Loans
Astra Bank offers line of credit operating loans to its qualified farm customers to assist them with their operating expenses throughout the year. These loans are normally set up for a one-year period of time and offer a competitive variable interest rate.
Astra Bank offers equipment loans for virtually any type of agricultural equipment, from row crop and farm machinery to rolling stock to agri-business equipment.
Agricultural Real Estate Loans
We offer real estate loans for virtually any type of agricultural or agri-business purpose. We offer very low closing costs and can close the loan in less than 30 days in most cases.
Farm Service Agency (FSA) Guaranteed Loans. Astra Bank is qualified under the Certified Lender Program (CLP) for loans guaranteed by the United States Farm Service Agency (FSA). Loans are available for applicants who operate family-size farms. These loans must meet certain qualifying criteria to be eligible for guarantees.
» Please contact us or visit one of our convenient locations to find out how we can partner with you on your ag needs. We would welcome the opportunity to visit with you about your agricultural needs.