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Agriculture is constantly evolving, which is why AgDirect works to help you make the right decision for your operation when it comes to financing ag equipment.

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AgDirect Financing, Equipment Types and Rates

Frequently Asked Questions and Answers About AgDirect Financing, Equipment Types and Rates

Published on 5/14/2015

What is AgDirect?

AgDirect is an equipment financing program offered by participating Farm Credit System association partners of AgDirect, LLP.

What types of equipment do you finance?

AgDirect finances most agricultural equipment. Subject to approval, we can finance other types of equipment, too. The request for financing must be made by an eligible producer, agricultural investor, processing or marketing operation or farm-related service business.

What financing options are available through AgDirect?

Subject to approval, AgDirect offers financing, including refinancing and leases with terms from 2-7 years. For center pivots, terms up to 10 years are available. We offer variable or fixed rates, as low as zero down and delayed first payments of up to one year.

What’s your interest rate?

You can find AgDirect financing rates for dealership, private party and auction purchases on the AgDirect website. 

Do interest rates vary by equipment type and amount financed?

Financing rates for titled equipment and equipment acquired through auction and private parties are .50% higher than standard AgDirect rates. Rates for financed amounts of $5,000-$9,999 are 2% higher than standard AgDirect rates and have a maximum term of three years.

How much can I finance through AgDirect?

Currently, the minimum transaction size for AgDirect financing at the dealership is $5,000. The minimum transaction size for auction and private party financing is $25,000.

Do you require a down payment?

Generally, AgDirect borrowers need to put down 20 percent of the purchase price. The down payment may be higher or lower based on the creditworthiness of the borrower.

What are your various finance terms?

The typical period used to amortize equipment debt is 3 to 7 years. In some cases, maturities of more than seven years and up to 10 years from the date of initial disbursement may be made subject to approval.

Can I pre-pay or pay off early?

Yes, when making annual payments, you may pre-pay up to one year in advance; if you are making monthly payments, you can pay up to six months in advance; or if you are making quarterly payments, you can make up to two payments early.

You can also pay off early at any time with no penalty. 

What types of payment plans are available?

Payment plans may be set up on standard annual, semi-annual, quarterly, or monthly frequencies. Sometimes we can approve a nonstandard payment plan if the plan can be supported with evidence of payment sources, purpose of the credit, and other documentation.

Learning Center

Agriculture is constantly evolving, which is why AgDirect works to help you make the right decision for your operation when it comes to financing ag equipment.

  • Chad and Amy Haeg

    “AgDirect is simple and flexible.”
    – Chad and Amy Haeg , Small Grain, Lentil and Bluegrass Growers

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  • Cliff Shudak

    “Their people understand the purchases, and they’re very good to work with.”
    – Cliff Shudak , Grain and Beef producer

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  • Dave Zimmerman

    “I’ve never received such speed and ease of financing.”
    – Dave Zimmerman , Grain and Beef Producer, Custom Seed Corn Harvester and Custom Sprayer

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  • Gerry Wiese

    “Bottom line, AgDirect is a business decision.”
    – Gerry Wiese , Grain and Pork Producer

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  • Jacky Pace

    “It comes down to people.”
    – Jacky Pace , Seed Corn and Grain Grower

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  • Jennifer Gottschalk

    “Having good financial people behind you like AgDirect and Farm Credit is just smart.”
    – Jennifer Gottschalk , Seed Corn and Grain Grower

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  • Jeremy Heine

    “It’s just plain easy working with AgDirect.”
    – Jeremy Heine , Grain and Beef Producer

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  • Jess Blatchford

    “AgDirect puts money back in my pocket.”
    – Jess Blatchford , Potato and Wheat Grower

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  • Joe Klemen, Dwayne Klemen and Mark Klemen

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    – Joe Klemen, Dwayne Klemen and Mark Klemen , Beef, Crop and Dairy Producers

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  • Randy Emtman

    “I like that AgDirect is linked to Farm Credit.”
    – Randy Emtman , Timothy Hay, Grain, Legume and Beef Producer

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  • Steve and Cindy Newsom

    “It’s critical to have a lender that is open minded to taking on new enterprises.”
    – Steve and Cindy Newsom , Cotton, Peanuts, Alfalfa Hay, Grain and Wine Grape Grower, Vineyard Equipment Dealer

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