YOUNG, BEGINNING & SMALL
FARMERS AND RANCHERS
Alabama Ag Credit has a strong commitment to assist with financing to young, beginning and small farmers. In addition, our staff is committed to the support and education of our youth by providing information in such areas as record keeping, marketing strategies, financial analysis, management and overall financial responsibility through programs with universities and high school agricultural groups.
In addition, Alabama Ag Credit participates in youth livestock shows and auctions throughout our territory.
We also support the continuing higher education of our youth by awarding numerous college scholarships.
Young Borrower: A farmer, rancher or producer or harvester of aquatic products age 35 or younger as of the loan transaction date.
Beginning Borrower: A farmer, or rancher or producer or harvester of aquatic products who has ten or less years of farming, ranching or aquatic experience as of the loan transaction date.
Small Borrower: A farmer, rancher or producer or harvester of aquatic products who normally generates less than $250,000 in annual gross sales of agricultural or aquatic products.
New Generation Loan Program
Through our New Generation Loan program we provide competitive financing for young and beginning farmers to the full extent of their creditworthiness. This loan program offers reduced loan closing costs and underwriting standards for the purchase or refinancing of land. Read more about New Generation Loans.
Sponsorships and Donations
Alabama Ag Credit is committed to supporting the state’s new generation of producers. Whether it’s a 4H member buying a show heifer for a foundation herd, a young person taking over the family farm, or an older couple investing in a new ag venture, we applaud their efforts. We sponsor or donate to numerous organizations that help educate young and beginning farmers. These organizations include:
- Alabama Council of Cooperatives’ Youth Conference
- Farm Credit System Foundation
- Farm-City Week programs
- Agriculture trade shows and commodity tours
- Alabama Agriculture and Forestry LEADERS Program
- Alabama Agribusiness Council
- Alabama Young and Adult Farmers
- Alabama Extension Service Records and Analysis Group
For more information on Sponsorships and Donations, contact Amber.Pratt@AlabamaAgCredit.com.