New Generation II Farm Loan Program Alabama
We offer competitive farm loans for young, beginning, and small farmers in Alabama, tailored to the full extent of your creditworthiness. Start today by completing our farm loan application, contacting an Alabama Farm Credit loan officer at (877) 681-6087 or reach out to one of our branch offices.
About New Generation II Loan Program
Our New Generation II loan program, provides reduced start-up costs and flexible underwriting to meet the needs of young farmers, beginning farmers, and small farm owners. Designed to make farm loans for new and beginning farmers more accessible, this program helps launch and grow operations across Alabama. We also support organizations that educate and empower the next generation of producers.
Who's Eligible for Farm Loans?
Our farm loans for young farmers, beginning farmers, and small farm owners are available to those who meet program requirements. Borrowers must qualify as a young, beginning, or small farmer and be the sole owner or operator of the property. Co-op members needing a co-signer for credit support are also eligible.
Farm Loan Guarantees & Borrowing Limits
Alabama Farm Credit offers flexible guarantee options to strengthen your financing. Without a guarantee, members may borrow up to $400,000. With a guarantee, you may finance the maximum eligible loan amount. To make small farm loans and beginning farmer loans more accessible, we also consider joint financing to help with down payments on land, equipment, or other farm investments.
Estimate Your Farm Loan Payment
Use our loan calculator to quickly estimate payments on your small farm loan or beginning farmer loan. Simply enter your purchase price and interest rate to see what your monthly farm loan payments could be.
Competitive Farm Loan Interest Rates
We offer competitive interest rates on all our farm loans for young farmers, beginning farmers, and small farm owners. To receive a personalized quote, contact the Alabama Farm Credit branch office nearest you.
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.
What types of loans does Alabama Farm Credit make?
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.
Where do I download the mobile app?
Get the free mobile app by searching “Alabama Farm Credit Ag Banking” on Apple App Store or Google Play.
What form of collateral is required?
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.
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.
