Dairy Expansion Financing

Product Overview

  • Competitive fixed and variable rate first mortgage loans
  • Terms up to 10 years, with longer amortizations available
  • Loan amounts generally of up to $3000 per cow, may be higher based on overall farming operation
  • Construction loan with variable interest rate
Types of Dairy Operations
  • Facilities designed to support efficient milk production and that will provide adequate collateral value
  • 300 cow minimum, may be lower based on overall farming operation
  • Land O' Lakes approved expansion and facility plan
Producer Criteria
  • Pay legal, filing, appraisal, closing fees, including a loan origination fee
  • Submit periodic financial statements
  • Submit periodic production records
  • Proven production system, including: production management, breeding system and herd health, replacement and culling plan
  • Milk marketing plan
  • Feed sourcing & pricing plan
  • Meet underwriting criteria
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