Eligibility - Farm Financing

To qualify for financing from Farm Credit Services of Mid-America, you must be a farm producer, own agricultural land, or be engaged in the production of agricultural products. You must generate or intend to generate annual gross farm income (on a sustained basis) of at least $500. Generally, your farm base of operations must be located within the geographical territory served by Farm Credit Services of Mid-America, which includes:

• all of Indiana and Tennessee
• all of Kentucky with the exception of the Jackson Purchase area
• all of Ohio (except  Lucas, Wood, Hancock, Ottawa, Sandusky, Seneca, Crawford, Wyandot and Marion counties)

Loans and services are also available if your farm base is within our service territory, but you desire financing for a farm operation that you own in another state. Financing is also available to farmers for their residential needs, or for financing a non-farm purpose (such as a business).

Full-time farmer and part-time farmer eligibility

We serve a broad range of producers, from major, commercial sized operations to part-time or hobby farmers. Applicants whose primary business is farming are eligible for a wide range of financing needs. If 50% or more of your income or assets are farm related, you qualify as a full-time farmer.  

Others who produce ag income, but rely upon off-farm employment or other sources of income, are generally classified as as part-time farmers. You are eligible to borrow from Farm Credit for a range of needs. However, in some situations we may have to restrict the scope of our lending programs based upon the amount of farming that you do. 

Home financing eligibility

Farm Credit Services of Mid-America also offers country home financing to full-time farmers, part-time farmers and non-farmers. You don't have to have farm income or farm assets to participate. If the property you desire to finance (a home or homesite) is located in a rural area, you are eligible. If you have no farm income, the property  must be in open country, or within a city or town of 2,500 or less within Indiana, Kentucky, Ohio or Tennessee. 

Home financing programs are also available to farmers, regardless of where the home is located.  This includes personal residences, vacation and rental homes.