If you want to get farm loans, you must be an owner of a farm or use the funds to buy or operate a farm. New farmer loans can often be got from the same sources, although small loans for the small business may be more quickly obtained some times.

If you are in search of your first farm loan, it means that you need money to capitalize the start-up of a new farm or increase the inventory or expand an existing farm. Getting the first agricultural loan can be a challenge, but not impossible.

1. Apply to get a farm ownership loan or a farm operating loan from the Farm Service Agency (FSA)

Direct loans for FSA farmers are available up to a total of $300,000. Loans guaranteed by the FSA are available up to a total of $1,119,000. The term for repayment cannot be more than 40 years.

2. Fill out an application to get a loan by the FSA

The Down Payment Program offers loans to new and disadvantaged farmers, emergency loans are available for farmers who have had losses due to natural disasters or quarantines.

3. Try to get a USDA Rural Development Business and Industry Guaranteed Loan or try to get a loan from your Department of Agriculture

These loans are available for a variety of purposes in amounts of up to $40 million, the term of the loans vary generally range between 7 and 30 years. The Department of Agriculture can also help you with loans.

4. Try to get a loan related to sustainable agriculture and green initiatives.

There are loans available for areas related to organic farming, nutrient management, agroforestry, research, livestock and crop diversity and other areas. Money is available in the form of loans and grants funding is procured for individual programs.

5. Obtain a loan directly from a bank or national farm lender such as FarmLoans.com

You need a good credit history, then, develop a business plan and show it to the bank. Apply for the loan as soon as possible in order to allow the bank to evaluate your situation.