About Our Hobby Farm Loans
As a member of the Farm Credit System, Alabama Farm Credit is part of a nationwide network of customer-owned financial institutions providing loans and related financial services to U.S. farmers and ranchers, farmer-owned co-ops, rural homebuyers, agribusinesses, and rural infrastructure providers. In addition to loans for operating costs and ag-related improvements, Alabama Farm Credit provides financing so members can purchase farms and rural properties.
What is a Hobby Farm Loan?
Hobby farm loans are loans for growing vegetables, raising livestock, farming equipment, and more. Typically, a hobby farm is a small-scale farm primarily for pleasure rather than a primary source of income. A hobby farm is generally smaller than 50 acres.
Alabama Farm Credit has a team of financing experts that understand everything about hobby farm loans. In addition, they know life in farming and rural communities because they live and work there.
When you're ready to get financing for an existing hobby farm for improvements, or a loan for a new hobby farm, our experienced team is here to help. We've helped many members obtain loans for a variety of purposes, including:
- Land loans to build new construction, including homes or barns
- Loans to buy machinery, vehicles, hauling equipment, and tools
- Land loans to make improvements to the existing hobby farm
Most of our customers know what they want with their hobby farm loans. We have a variety of hobby farm loans that will meet your custom needs. In addition, if Alabama Farm Credit does well financially, you benefit. As a cooperative, we support the cooperative principle of sharing our success with our members. Every borrower is also a stockholder who receives part of the profits.
Apply for a Hobby Farm Loan
If you're ready to take the first steps toward improving your existing hobby farm or buying a new one, don't hesitate to contact us to discuss what you have in mind. You can also visit us for hobby farm loan assistance at our five convenient locations in northern Alabama. If you're ready to get the hobby farm loan process started right now, please begin the application process online.
YOUNG BEGINNING AND SMALL FARMERS
We’ve created a pathway to ownership for young, beginning and small farmers.
At Alabama Farm Credit, we recognize that the future of American agriculture depends on a new generation of producers. Whether you’re completely new to farming, a 4-H member buying a show heifer for a foundation herd or a young person taking over the family farm, our New Generation II Loan may be what you’re looking for.