Agriculture & Farm Loans in Illinois
Farmers National Bank is committed to agriculture—what we do and who we are. Our agriculture lending team provides financing options for Illinois farmers, including operating loans, equipment financing, farmland loans, and long-term farm mortgage solutions.
Approximately 75% of our loans involve agriculture, placing Farmers National Bank among the top community banks nationwide for agricultural lending. Our experience allows us to provide practical financing solutions with local, responsive decision making. We serve agricultural operations across northwest Illinois, with local lending teams in Prophetstown (since 1902), Geneseo (since 1997), Morrison (since 2007), and Mount Carroll (since 2024). Our understanding of regional farming challenges allows us to tailor loan solutions to your operation.
FNB has the background, experience, and expertise in agriculture loans for:
- Operating for crops and livestock
- Equipment and irrigation
- Buildings, livestock, and grain facilities
- Farmland
And just as important, prompt, and local decisions with access to as much as $10,000,000 per farm customer.
We understand the realities of agriculture. Weather, markets, and input costs can shift from year to year, which means some seasons are more profitable than others. Our lending team combines experience with local, responsive decision making to help farmers navigate those challenges with confidence. Whether you’re planning for the next season or investing in long-term growth, our agriculture lenders are here to help you find the right financing solution.
Want to learn more about ag lending with Farmers National Bank, check out our video.
Want to find out how much your loan payment would be with a new loan?
Try one of our financial calculators now!
Operating Loans
Farmers National Bank operating loans and credit lines are designed to match the operating cycle needed to market your commodity:
- Loans are available for inputs and general operating expenses. Funds can be borrowed as a single advance or as a revolving or non-revolving line of credit, providing flexibility for cash flow.
- For loans overlapping a tax year end, interest can be paid in the year that provides the most tax benefit.
- Deposit and loan sweep accounts help simplify loan balance management.
- Aportionof the loan may qualify for the State of Illinois farm operating interest rate (state rate), reducing the fixed interest rate on part of the loan.
Term Loans
Farmers National Bank farm term loans are typically secured by the asset being financed and generally have terms of up to five years. These loans are commonly used for farm machinery, breeding livestock, and farm improvements:
- Annual, bi-annual, or monthly payment options are available.
- Fixed or variable interest rate options are available.
- Government-supported programs may be available to provide more favorable terms.
Mortgage Loans
Farmers National Bank understands the importance of farmland and the role it plays in your operation. Lending for farmland, farm buildings, livestock facilities, and improvements is a core focus:
- In-house fixed interest rate loans are available for up to 10 years, with amortization terms up to 30 years.
- For longer fixed-rate terms, borrowing options may be structured to match available funding sources.
- Government-supported programs, including Farm Service Agency, Illinois Finance Authority, and Farmer Mac, may be available to provide more favorable terms.
- Annual, bi-annual, or monthly payment options are available.
Meet the Farmers National Bank Agriculture Lending Team:
Get started with a local agriculture lender today.
Our team is here to help you find the right loan solution for your operation.
Doug Vanderlaan
Community Bank President & Agriculture and Commercial Lender
Bart Ottens
Community Bank President & Agriculture and Commercial Lender
Mount Carroll office:
(815) 244-2001
Steve Taets
Community Bank President & Agriculture and Commercial Lender
