Leader in Long-term Ag Lending

Zions Agricultural Finance

Christie Giles Jul 1, 2017

This article was originally published July 1, 2017, and refreshed on Nov. 2, 2020.

Few things matter more to farmers and ranchers than the land that grows their crops, feeds their herds and covers their boots at the end of each day. So, when it comes to land financing, they rely on Zions Agricultural Finance, which has specialized in long-term loans for more than two decades.

“Long-term ag financing isn’t commonly available through most community banks, but it helps manage significant risk for farmers and ranchers. It provides stability,” says Gary Guy, senior vice president and division manager for Zions Ag Finance. “Our products allow them to lock in a rate and know what their loan is going to cost for up to 30 years.”

Long-Term Ag Lending Services

Whether the project is a farm and ranch acquisition, refinancing or capital expansion, Zions Ag Finance can help. Its offerings include 30-year, fixed-rate ag loans and adjustable-rate mortgages.

“The 30-year fixed-rate product for the long-term security and the 10/1 ARM — which provides low rates for the first 10 years and adjusts annually — are the most popular products we offer, along with the other 15-, 20- and 25-year fixed rate options*,” Guy says. “They’re a real step up from the more traditional three- or five-year balloon ag loans.”

Another unique loan program offered by Zions Ag Finance is a real-estate-secured Ag-Equity Revolving Line of Credit*, with a five- or 10-year draw period. And for those looking to buy land for recreational or hobby farm purposes, a Lifestyle Ranch Loan program* allows individual wage earners to finance a minimum of 60 acres. Most loan products do not have prepayment penalties, and many allow conversion between loan products during the mortgage term. 

On loans with lower loan-to-value ratios for highly qualified borrowers with acceptable credit scores, Zions Ag Finance now offers scorecard underwriting programs that speed up the approval process and require less documentation and lending analysis.   

Land Financing Leader

Land financing products offered through Zions Ag Finance are available to customers in Utah and Idaho through Zions Bank and to farmers and ranchers around the country through a network of more than 300 correspondent banks and brokers.

In addition, Zions Ag Finance has a long-standing relationship with the Federal Agricultural Mortgage Corporation (more commonly known as Farmer Mac), a secondary market for ag credit. Zions Ag Finance is the largest originator of Farmer Mac Farm and Ranch loans in the country. It also assists Farmer Mac direct-seller banks with loan closings, fundings and ongoing servicing.

Strong Ties to Agriculture

Zions Ag Finance is a division of Zions Bank. But its ties to the farming and ranching communities date back to 1873, when Zions Bank was founded. Today, the Zions Ag Finance team in Ames, Iowa, along with its staff in Utah, Idaho and California, services a portfolio of more than $1.8 billion in assets in 44 states.

“We’re working to support America’s farmers and ranchers who are raising corn and beans in the Midwest, running cattle in Texas and Montana, planting potatoes or sugar beets in Idaho, or growing pistachios and citrus in California,” Guy says. “We have a long history of helping people to make their ideas a reality — and we plan to keep serving the farming and ranching communities with innovative long-term ag loans for a long time to come.”

* Loans subject to credit approval. Terms and conditions apply. See banker for details.


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