Alabama Farm Credit's borrowers also own its stock. Why?

Farmers, ranchers and producers who obtain a loan are required to purchase voting stock. Our borrowers are considered members of Alabama Farm Credit, and have the privilege of being a voice within the cooperation. Your right to vote, in accordance with the Farm Credit Act and Alabama Farm Credit bylaws, allows you to elect the members of your Board. These members work closely with Alabama Farm Credit to ensure that your needs are addressed.

How much can I borrow?

Whether you are a young, beginning or small farmer or a large corporation, Alabama Farm Credit can meet your financing needs. When assessing a loan application loan officers consider these primary factors: the individual, financial responsibility, repayment capacity, loan purpose and security offered.

Does Alabama Farm Credit make home loans

Yes, we make loans for the purchase, construction and improvement of homes located in rural areas. We also finance rural homesites where a home is designated for future construction. Alabama Farm Credit also offers loans through the secondary mortgage market (Fannie Mae loans).

Poultry Farm Loans Alabama

Find financing to start, expand or update your poultry operations. 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.

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About Our Poultry Loans

Our poultry loans are available to finance new construction of poultry houses or expansion to your existing poultry operation. We also finance the purchase of a poultry operation, updates and operating expenses.

Custom Poultry Loans

Our poultry loans carry a payment structure that matches the typical income stream and life cycle of a poultry operation, which will effectively improve your cash flow.

Experience Matters

Informed by decades of experience with writing poultry loans, we offer an underwriting process uniquely designed to accommodate the economics of poultry farming.

Poultry Loan Process

If you’re looking for financial flexibility, you should investigate how to get a loan for a poultry farm. Growing your business with a poultry farm can give you options to promote a special egg or poultry product you have in mind. Going through the poultry farm loan process can reap benefits for expanding your operation through advertising, marketing, new equipment, and other operational enhancements. Alabama Farm Credit’s poultry loans can help you buy a poultry farm, build a poultry farm, improve an existing poultry farm, and more.

The poultry industry is critical to the U.S. economy. This industry provides millions of jobs and accounts for 10% of total U.S. agriculture sales. This tremendous growth isn’t going to slow down anytime soon, either. Poultry and egg consumption is higher than pork and beef, and consumers seem to embrace this reality enthusiastically. Our competitive rates and poultry farm lending experience can enhance your poultry farming operation.

Our poultry loan process begins with an assessment to determine your needs with your poultry farm. Then, you can speak with one of our experienced loan experts on what you need for your poultry loan. Do you need to purchase more property? Do you need some equipment or tools to enhance your poultry farm? You can work with our loan officers and tailor a poultry farm loan to meet all your needs and objectives.

Poultry Loan FAQ'S

We’ve curated the top questions we’re asked most often.

More FAQs

A borrower and the integrator agree to assignment of income documents at loan origination; all three parties (Alabama Farm Credit, borrower(s), and the integrator) sign the agreement. This agreed-upon amount is sent to Alabama Farm Credit from the integrator as each flock is sold.

Assignment amounts are an estimate created at loan origination or servicing based on what is known about the customer's operation. These estimates cannot account for all the variables: variability of flock out time, number of days birds are on the farm, grower performance, or number of flocks provided in a 365-day period.

As stated in the borrower contract, Alabama Farm Credit uses assignment money only to pay down the borrowers' loans. Every action we take as your poultry lender is supported by the loan agreements you have executed as a borrower.

Poultry assignments function to match up irregular income with scheduled loan payments. The assignment allows the borrower to apply a certain amount from each check towards their installments.

When an AFC customer wants a revised assignment or requests assignment proceeds be returned, and the customer has maintained a good payment history, Alabama Farm Credit reviews those requests.

Alabama Farm Credit no longer uses the old Funds Held process for managing assignment proceeds, because it costs the borrower more interest over the life of the loan. This change was communicated to all borrowers in 2021. This change is to the benefit of the borrowers, as the funds are automatically applied to the next installment that is due. This application of money towards the next installment reduces the amount of interest paid by the borrower over the course of the borrower’s loan repayment.

Alabama Farm Credit offers what we call LIFO (“Last-in, First-out”) RLOC to all borrowers paying their loans by an assignment. This line of credit is designed for when a borrower has a delay in income that will cause a small shortfall in the installment being made on time. Using the RLOC allows the borrower to avoid late fees or penalties. Customers must be in good standing to qualify for this loan product.

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Competitive Interest Rates

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

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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