Loan Products

We finance the purchase of agricultural properties, farms, ranches, buildings and improvements, and consolidate existing debt.

Long-Term Loans

  • Variable and fixed interest rates
  • Conversion options available during the life of the loan
  • Pre-payment management options
  • Loan terms and amortizations from 15-30 years

Real Estate Revolving Lines of Credit

  • 5- and 10-year draw periods with interest-only payments
  • Loan terms of 20-30 years
  • Pre-payment management options
  • Available for capital purchases, improvements and operations
  • Able to be combined with standard term real estate loan
  • Conversion options available during the life of the loan
  • 48-hour access to funds
  • Secured by eligible agricultural real estate

We work with you to customize the structure of your debt to fit the diverse real estate needs of your operation.


Interest Rates

The majority of Harvest Capital Company’s loan products are typically priced between 2.0% and 3.5% over the yield for the United States Treasury instrument that corresponds to the adjustment period of each particular loan product. For example, a five-year adjustable rate would be 2.0% to 3.5% over the rate for the five-year United States Treasury bill. As a result, available rates change on a daily basis. Today’s yield on United States Treasuries can be found at a number of sources including Bloomberg.com and the Wall Street Journal.


Pre-Payment Penalties

Pre-payment penalties were once prevalent in the long-term agricultural mortgage world. These types of early payoff penalties are becoming rare, but they still exist for some types of rate locked products. The majority of loans Harvest Capital Company underwrites do not contain pre-payment penalties and some are tied to penalty free prepayments on any scheduled interest payment date. Several rate options, however, offer a tradeoff between lower fixed rates and pre-payment penalties. These choices are intensely scrutinized with each and every transaction.

Our focus on what product works the best for your operation and your future leads us to a complete solution for your long-term capital needs that usually does not include the burden of pre-payment penalties somewhere down the road.


Partial Releases, Easements, Rate Adjustments, Rate Resets,
Collateral Substitutions and Other Loan Servicing Issues

It is not just the costs of closing a new loan or interest rates that separates lenders but rather their servicing ability to respond to each unique agricultural operation’s needs allowing the long-term mortgage loan to last as long as possible. Stretching your closing costs as far into the future as we can and, consequently, making those costs more economical for your operation in the long run is all in a day’s work for us.

Harvest Capital Company is not just another lender in the ag loan business. Not only do we have over thirty years of seasoned agricultural term lending experience working with just about every possible situation that can occur during the life of a mortgage, but we also come to the table with generations of production agricultural experience ourselves. Each one of us knows “the joys and discomforts of agricultural life,” and we have lived through the same frustrations and obstacles facing many of our producers as they address the unexpected changes required to ensure the survival of their individual operations.

Our production agriculture customers frequently encounter the need to create or adjust easements or partially release a portion of their originally secured real estate in order to accommodate a neighbor or to maneuver other financing opportunities. We exist to solve those needs.


Agricultural Industries/Crops

Our customers include producers, processors, and marketers of agricultural commodities. Almost any real estate primarily involved in the production or processing of food or fiber is of interest to us. Because of the uniqueness of each agricultural operation, our loan officers are available to discuss options in regard to your specific circumstances. Some of our agricultural commodities include:

        Row Crops
        Hay
        Range and Livestock
        Timber
        Nursery
        Dairy
        Grass Seed
        Christmas Trees
        Vineyard
        Tree Fruit & Nuts
        Specialty Crops


FAQs

q box2 Do you write loans for cattle, equipment, or operating lines of credit?

a box2 We offer a Revolving Line of Credit (RLOC) product that is secured by a first position mortgage on real estate. It can be utilized to purchase equipment, cattle, real estate, general operating expenses or all of the above.


q box2 What are your payment structures?

a box2 Payments can be made on an annual, semi-annual, quarterly, or monthly basis depending on the type of loan.

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