Farmers Business Network officials are excited about the launch of Farmland Capital, a unique farmer-friendly financing co-investment option from FBN Finance.
FBN?s Pepo Peschiera says the Farmland Capital product allows farmers to tap into their farms? equity to access the funds they need.
Farmers can use Farmland Capital to lower debt payments, expand their operation, keep the farm in the family, cash out, and transition to organic or regenerative practices. Through the Farmland Capital product, FBN Finance participates in farm appreciation and depreciation alongside the farmer. Contracts are 10 years, but the farmer can buy out the co-investment portion or sell the farm at any time. Farmland value is determined by appraised value or sale price.
Eligible farms include row crop farms, permanent crop farms, and improved pasture land. The grower makes all management decisions, pays farm costs, and receives 100% of income from farm operations.
Visit fbn.com/capital for more information.
