Staff Profiles

 

Young, Beginning, Small Farmer Program

Farm Credit of Enid is dedicated to the purpose of serving the needs of agriculture.  As a part of this purpose the Board of Directors has adopted a program to provide credit and related services to young, beginning or small farmers, ranchers, and producers or harvesters of aquatic products.

What are the criteria for Young, Beginning, or Small Farmers?

  • A “young farmer” is someone who is 35 years old or younger.

  • A “beginning farmer” is someone who has farmed for 10 years or less.

  • A “small farmer” is someone who has gross farm sales of $250,000 or less.

Some program highlights:

Eligible applicants should normally meet the credit standards established by Farm Credit of Enid.

For applicants that do not meet credit standards, Farm Credit of Enid will examine further risk reduction measures including establishing cosigners and/or guarantors, coordination with loan guarantee programs offered by Farm Service Agency and Small Business Administration and other opportunities to minimize risk for borrower and Farm Credit.

Farm Credit of Enid at its discretion may establish reductions in fees or loan pricing tiers where applicable with any of the above coordinated programs.

Young, beginning and small farmers are valued borrowers.  Farm Credit of Enid supports many activities, events and groups encompassing or involving farmers and Farm Credit of Enid members from each of the segments.  We are committed to the purpose of financing agriculture and believe the relationships created within these segments are vital to the future and success of Agriculture and Farm Credit of Enid.

 

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