Leader in Long-term Ag Lending

Zions Agricultural Finance

Christie Giles Jul 1, 2017

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, an industry leader in unique long-term loan solutions for 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 Lending Solutions

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

“The 10/1 ARM, which provides low rates for the first 10 years and adjusts annually, is the most popular product we offer, along with the 15-, 20- and 30-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.

Industry 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.

Patrick Kerrigan, director of business development with Farmer Mac says, “We share Zions Ag Finance’s commitment to rural America and thank them for providing so many years of outstanding service to our customers.”

Strong Ties to Agriculture

In 2017, Zions Ag Finance celebrates 20 years as a division of Zions Bank. But its ties to the farming and ranching communities stretch back to 1873, when Zions Bank was founded. Today, the Zions Ag Finance team, located in Ames, Iowa, along with its staff in Utah and Idaho, services a portfolio of more than $1.6 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.”

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