Resource Guide: Vermont New Farmer Network Member Organization
Yankee Farm Credit, ACA
White River Jct.: 800-370-3276
St. Albans: 800-545-1097
Yankee Farm Credit is an agricultural lender that strives to make a positive difference serving the agricultural community by offering reliable, cost-effective services. Yankee is part of the national Farm Credit System. In addition to short term and long term loans, Yankee Farm Credit also offer many services tailored to farmers' needs: tax preparation, tax planning, financial recordkeeping, payroll, appraisals, equipment leases, crop insurance and credit life insurance. Yankee’s loan officers and financial service experts are professionals who know the ins and outs of agricultural businesses and strive to thoroughly understand clients' business and their financial needs. Yankee offers competitive rates and is also structured as a cooperative which entitles eligible members stockholder voting rights and an opportunity to share in the earnings through the distribution of patronage dividends.
One of the programs that Yankee Farm Credit offers is FarmStart. FarmStart assists beginning farmers and new cooperatives during their start-up years by providing working capital investments up to $50,000. FarmStart is envisioned as a key element in the success of startup ag businesses and provides an opportunity to develop a successful credit record while learning the discipline of effective cash flow management. The program is targeted to farmers, forestry producers, fishermen, farm-related service businesses and cooperatives, generally in their first three years of business. Each FarmStart participant works with an advisor who helps them follow through with their business plan and encourages recipients to use other professionals to solve problems and develop their business further.
Last modified August 22 2013 08:03 PM