Agriculture Loans

Farm Real Estate Loans

At Consumers National Bank, we’re committed to locally-owned farms. We know farmers have specific needs, and we’re here to provide financing options.

Through agricultural loans and farmer loan programs, we offer loans for farming operations, to pay for construction or new farm equipment and to acquire or refinance farmland.

Sarah Grubbs, our agricultural loan specialist, has years of experience and is dedicated to helping you manage the financial side of your farming business.

Options Available:

  • Fixed rates available up to 30 years
  • Adjustable rates available in 3, 5, 7, 10-year periods, based on applicable Treasury-Bill Rate Guidelines:
    • Loan-to-value ratio of up to 80% on purchase or construction
    • Loan-to-value ratio of up to 65% on cash-out
    • Minimum debt coverage of 1.15:1 on most loans

Farm Equipment Loans

Options Available:

  • Terms up to 84 months
  • Minimum loan amount of $2,000
  • Annual payments to meet cash flow stream


  • Loan-to-value on used equipment up to 75%
  • Loan-to-value on new equipment up to 100%
  • Minimum debt coverage of 1.15:1 on most loans

Loan availability is subject to borrower meeting eligibility and credit guidelines. Terms are subject to change. FSA guarantee fee may apply.

Consumers Bank also offers Revolving Lines of Credit and Input Loans.

Beginning Farmer

Beginning FarmerThrough the Farm Service Agency’s Beginning Farmer Loan Program, Consumers National Bank can help young family members make the transition into the family farm business.

For the purposes of the FSA loan program, a Beginning Farmer is defined as an individual or entity who:

  • Has not operated a farm for more than 10 years;
  • Meets the loan eligibility requirements of the program to which he or she is applying;
  • Substantially participates in the operation and;
  • Does not own a farm greater than 30 percent of the average size farm in the county, at time of application.

(All applicants for Beginning Farmer loans must have participated in the business operations of a farm for at least three years). If the applicant is an entity, all members must be related by blood or marriage, and all entity members must be eligible Beginning Farmers.

The FSA also offers down payment assistance for Beginning Farmers and socially disadvantaged farmers in purchasing a farm. Retiring farmers may use this program to transfer their land to future generations.

FSA Guaranteed Loan Program

FSA Guaranteed Loan ProgramThe FSA Guaranteed Loan Program provides lenders like Consumers Bank with a guarantee of up to 95 percent of the loss of principal and interest on a loan enabling them to lend to farmers who might not normally qualify for a loan.

FSA guaranteed loans are for both Farm Ownership and Operating purposes. Like the Direct Loan Program, a percentage of Guaranteed Loan funds are targeted to beginning farmers and ranchers and minority applicants.

Guaranteed Ownership Loans

Guaranteed Farm Ownership (FO) Loans may be made to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt.

Guaranteed Operating Loans

Guaranteed Operating Loans (OL) may be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating Loans can also be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debts under certain conditions.

Borrower Eligibility

FSA Guaranteed Loan ProgramTo qualify a loan applicant must:

  • Be a citizen of the United States (or legal resident alien)
  • Have an acceptable credit history as determined by the lender;
  • Have the legal capacity to incur the obligations of the loan;
  • Be unable to obtain a loan without a guarantee;
  • Not have caused FSA a loss by receiving debt forgiveness on more than 3 occasions on or prior to April 4, 1996; or any occasion after April 4, 1996;
  • Be the owner or tenant operator of a family farm after the loan is closed. For an OL, the producer must be the operator of a family farm after the loan is closed. For an FO Loan, the producer needs to also own the farm;
  • Not be delinquent on any Federal debt.

In addition to meeting the eligibility criteria, the loan applicant must have a satisfactory credit history, demonstrate repayment ability, and provide sufficient security for the loan. Loan availability is subject to borrower meeting eligibility and credit guidelines. Terms are subject to change. FSA guarantee fee may apply

Sarah Grubbs

Sarah Grubbs

Vice President
Agricultural Loan Officer

Consumer National Bank 
1017 Canton Rd NW
Carrollton, OH 44615
Office: (330) 205-7783