Get Financing Set as 2024 Crop Plans Take Shape
Jan 10, 2024
As you finalize your 2024 farm budget, consider Federated’s in-season finance program through Cooperative Finance Association (CFA). As of Jan. 1, the interest rate for CFA financing is at 8.5% for all co-op purchases, including seed, fertilizer, chemicals, application and other ag services, and energy (fuel/propane).
As reported previously, “there are some updates with CFA for 2024,” said Kelly Meyer, Federated’s business service specialist. CFA loan applications in 2024 will have a life cycle of three years; this is called the Evergreen loan. “Growers will not have to sign up [again] for three years,” said Meyer. The maturity date for 2024 loans is March 15, 2025.
You can learn about the CFA program benefits and other details here. Your Federated Agronomist is ready to help you work out financing needs as 2024 plans evolve.
Federated offers other – non CFA – financing options that are not tied to purchases solely from Federated:
Contact Meyer or your Federated Agronomist with any questions.
As reported previously, “there are some updates with CFA for 2024,” said Kelly Meyer, Federated’s business service specialist. CFA loan applications in 2024 will have a life cycle of three years; this is called the Evergreen loan. “Growers will not have to sign up [again] for three years,” said Meyer. The maturity date for 2024 loans is March 15, 2025.
You can learn about the CFA program benefits and other details here. Your Federated Agronomist is ready to help you work out financing needs as 2024 plans evolve.
Federated offers other – non CFA – financing options that are not tied to purchases solely from Federated:
Contact Meyer or your Federated Agronomist with any questions.