New Generation II Loan Program

We offer competitive financing for young, beginning and small farmers to the full extent of their creditworthiness. Get started by completing our loan application or contact an Alabama Farm Credit loan officer at (877) 681-6087 or reach out to one of our branch offices. 

Loan Application

About New Generation II Loan Program

Through our New Generation II loan program, we offer a reduced start-up cost and underwriting standards to accommodate the financial needs of young, beginning and small farmers. We also sponsor or donate to organizations that contribute to the education of this important group.

Who’s Eligible?

Borrowers must fit the definitions of a young, beginning or small farmer, and be the sole owner or operator of the security. Co-op members who require a co-signer as a credit enhancement also are eligible.

About Guarantees

Without a guarantee, a co-op member may finance up to $400,000. With a guarantee, the customer may borrow the maximum guarantee of the loan amount. To assist members in obtaining additional down payment toward a purchase, consideration will be given to joint financing.

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Estimate Your Loan Payment

Input your purchase price and interest rate, and quickly estimate your loan payments.

Loan Calculator

Competitive Interest Rates

To receive an interest rate quote, contact the branch office nearest you.

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Frequently Asked Questions

We’ve curated the top questions we’re asked most often. If you are unsure about our services, how a cooperative works or other details, you may find the answer you’re looking for right here.

More FAQs

We make  loans to purchase land, refinance existing mortgages and other debts, construct and repair homes and other buildings, make property improvements, construct or improve agribusiness facilities, purchase machinery and equipment, purchase livestock, finance agricultural operating expenses and other needs.
Get the free mobile app by searching “Alabama Farm Credit Ag Banking” on  Apple App Store or Google Play.
All real estate loans must be secured by a first-lien mortgage on real estate, generally on the farm, timberland, agribusiness or rural home that is financed by the loan. Operating, equipment and livestock loans are generally secured by inventory such as crops, livestock, equipment, receivables or other assets of the operation being financed.

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.

Find Out Who's Eligible

Alabama Farm Credit Out in the Field

Learn more about Alabama Farm Credit, our members and the work we do for Agriculture in our communities.

Field Notes