Agricultural Economics Department
Date of this Version
5-28-2024
Document Type
Article
Citation
Cite this work: Groskopf, J. “The Basics of Loans for Farmers and Ranchers.” CAP Series 24-0502, Center for Agricultural Profitability, University of Nebraska-Lincoln, May 28, 2024. DOI: 10.32873/unl.dc.cap034.
Abstract
Borrowing a loan can be a useful tool for farmers and ranchers, especially to fill in gaps when cash or working capital is short to cover current obligations or to make necessary or planned capital purchases. Before signing for a loan, understand the loan terms and repayment requirements as spelled out in the loan documents. This article defines and explains important lending terminology and considerations for farmers and ranchers.