Loans for Livestock Farms
Ranchers raising beef, swine, and poultry know that one of the largest, constant expenses is feed supply. Some industry reports project that while we’ve seen relatively flat feed prices for the better part of the last decade, the beef/swine/poultry sector will experience more than a 10% increase higher feed costs in the coming years due to escalating corn and soybean meal prices (which would be the highest year-over-year inflation in feed costs in 10 years).
Because of the increases, the U.S. Department of Agriculture (USDA) forecasts just an 0.8% overall growth for U.S. beef, pork, and chicken production in the coming year — the slowest rate of growth since 2014. The escalated pricing may have lasting negative effects on livestock ranchers’ businesses and livelihoods, especially coming off a challenging 2020. It was a year in which average profit margins for livestock took a big hit due to the COVID-19 pandemic, which slashed food service demand and caused meat processing plant shutdowns.
To help with the pinch, owners of beef, swine, and poultry farms are relying more than ever on the assistance of available loan programs in this critical time. Greendale Ag Lending specializes in providing loans to such farmers/ranchers to fund their operations, covering costs of feed, as well as other related expenses, including purchases of land, structures, equipment, livestock, and more.
Our team of experts is dedicated to the success of farmers/ranchers, and we will work with you to customize a loan package that meets the unique financial needs for your situation. Many new ranchers or ranchers operating small farms rely on high-interest rate credit cards to help cover their expenses. But our loan options can consolidate debt or open up working capital help give you the resources needed to keep your farm/ranch running in tough times and beyond.
Contact Greendale Ag Lending today to discuss the loan options we have to assist you.