Young & Beginning Farmer Loan Options

Young & Beginning Farmer Loan Options

FSA Beginning Farmer Options - Kaitlyn Niemeyer

Guest: Kaitlyn Niemeyer @MoAgBanker

Kaitlyn has been part of the banking industry since 2018 starting as a long specialist and now an AgriBusiness Officer. With First State Community Bank she is helping farmers through the FSA young beginning farmer loan process.

  • Who is First State Community Bank?
  • Believe in: helping our local economy, giving back, and people should alway come first (when it comes to banking)
  • Mission: Financial success for our region
  • Kaitlyn’s Background
  • Family farm start in 1992 - grandpa built the original farm - Missouri
  • 4th generation farmer
  • Attended FarmCon 2023, attended the first ABA AG Bankers Conference
  • TikTok: Moagbanker - huge on pushing FSA to young beginning farmers
  • Why TikTok?
  • Proud of her family farm and where it has gone in the past 10 years
  • Graduated with a degree in Business Administration, Masters of Business Administration, Specializes in agriculture and commercial lending
  • Why care about beginning farmers?
  • How can you help them? (We)
  • Beginning Farmer Loan Options through the FSA
  • Young Beginning Farmer Direct Programs - FSA will lend 50% of loan amount or up to $600,000
  • 50/50 Program (or no down payment program)
  • 40 years
  • 3% fixed
  • No down payment
  • 50%: FSA money
  • 50%: banks
  • Banks will then break the loan down into 2 notes
  • FSA will guarantee 95% of the 50%
  • Bank will take remaining 5%
  • At the end of the day, you will have 3 notes with different interest rates
  • 50/45/5 or Down payment program
  • 20 years
  • 1.5% Fixed
  • 5% down payment
  • 50%: FSA money
  • 45%: Banks
  • Banks will then break the loan down into 2 notes
  • FSA will guarantee 95% of the 45%
  • Bank will take remaining 5%
  • At the end of the day, you will have 3 notes with different interest rates
  • FSA does not give any money. They are just guaranteeing the loan. This option is offered for farmers who are not considered “Young Beginning Farmers”
  • Total eligibility per person: $2,037,000
  • The # 1 complaint is the application process. Is this improving?
  • Does the FSA really take my 1st born child as collateral?
  • Loan programs would be through FSA (Farm Service Agency) & USDA
  • To get started application is all online - personal info and farming info needed - balance sheet is the most important for banker
  • FSA Direct app went from 29 pages to 13
  • What is your biggest challenge with the FSA?
  • How community bankers help to get young farmers started in Ag
  • How are you educating the beginning farmers?
  • What are some of the first steps you would take with a beginning farmer?
  • Are you aligning your team with what the farmers need? How so
  • What are you most excited for in the future?
  • What did we miss?
  • What does success look like to you?
  • Summary and Challenge

Want Farm4Profit Merch? Custom order your favorite items today!

https://farmfocused.com/farm-4profit/

Don’t forget to like the podcast on all platforms and leave a review where ever you listen!

Website: www.Farm4Profit.com

Shareable episode link: https://intro-to-farm4profit.simplecast.com

Email address: Farm4profitllc@gmail.com

Call/Text: 515.207.9640

Subscribe to YouTube: https://www.youtube.com/channel/UCSR8c1BrCjNDDI_Acku5Xqw

Follow us on TikTok: https://www.tiktok.com/@farm4profitllc

Connect with us on Facebook: https://www.facebook.com/Farm4ProfitLLC/

Farm4Profit Media is not a financial, legal, or tax advisor. Content is provided for informational purposes only, and we serve solely as a platform for third-party opinions. Any actions taken based on this content are at your own risk.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(623)

He Bought 80 Acres. Then Asked Customers What to Grow.

He Bought 80 Acres. Then Asked Customers What to Grow.

Tom Brown didn't grow up farming. After studying anthropology and horticulture at Kansas State, he spent roughly 15 years living and working in Pakistan and Afghanistan, where he gained experience in ...

17 Syys 44min

Your Soil Has Potassium. So Why Can’t Your Crop Get It?

Your Soil Has Potassium. So Why Can’t Your Crop Get It?

https://agxplore.com/assessment/?utm_source=google&utm_medium=cpc&utm_campaign=us_branding_search&utm_content=us_branding_search&utm_creative=&utm_term=nitrogen%20fertilizer%E2%80%A8&gad_source=1&gad_...

16 Syys 11min

Every Pass Has to Pay: Smarter Tillage & Fertilizer

Every Pass Has to Pay: Smarter Tillage & Fertilizer

Does tillage make money? The answer isn't simply yes or no. The KUHN team explains why the industry is moving away from “recreational tillage” toward more calculated, specialized passes designed to so...

14 Syys 53min

Beyond the Farm: How Regan & Andrea Are Building Their Own Path

Beyond the Farm: How Regan & Andrea Are Building Their Own Path

Andrea Fleming and Regan Bieber return to Farm4Fun to share how their lives and operations have changed since their previous appearances. Regan talks about stepping back into her South Dakota family f...

10 Syys 49min

How Do You Move 23,000 Bushels of Grain Per Hour

How Do You Move 23,000 Bushels of Grain Per Hour

In this What’s Working in Ag segment, Tanner gets an up-close look at Brandt’s 16125 HP Swingaway Auger. With bins continuing to get taller and wider, Brandt says demand is growing for equipment capab...

9 Syys 8min

Thin Margins, Expensive Nitrogen & the Agronomy Decisions That Pay

Thin Margins, Expensive Nitrogen & the Agronomy Decisions That Pay

Dr. Eric Scherder of Corteva Agriscience returns to Farm4Profit to look back at the 2026 growing season and help farmers start building their 2027 agronomy plan. The conversation begins with cover cro...

7 Syys 59min

Farm Accidents, Family & Ranching with Calli Williams of TW Angus

Farm Accidents, Family & Ranching with Calli Williams of TW Angus

Calli Williams, the Millennial Rancher, joins Farm4Fun to share the story behind TW Angus and what it takes to build a first-generation cattle operation in South Dakota. Calli grew up around cattle, 4...

3 Syys 56min

200-Bushel Corn at $14? Understanding the Opportunity

200-Bushel Corn at $14? Understanding the Opportunity

Greg Schreiner of Quick Organics returns with some major updates, including collaboration with USDA around the Common Organic System Plan and new tools designed to simplify one of the biggest headache...

2 Syys 10min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
vallattomat
psykopodiaa-podcast
rss-rahapodi
mimmit-sijoittaa
rss-oivalluksia-rahasta-elamasta
ostan-asuntoja-podcast
lakicast
oppimisen-psykologia
rss-inderes
rss-paasipodi
juristipodi
hyva-paha-johtaminen
rss-karon-grilli
rss-rahamania
rss-pinnan-alle
rss-alanvaihtajat
rss-startup-ministerio
rahapuhetta
rss-siksi-viestinta