6-10 IAN NFCS

Hey ag producers, need to borrow a few shekels to keep things running, or a piece of heavy equipment or a few more acres, all in the name of increasing your family’s income? I think I’ve found just the spot.

 I had an interesting conversation the other day with the lending institution named Northwest Farm Credit Services and, old your breath, they are very agricultural friendly. Listen to the words of their executive vice president and chief financial officer Tom Nakano: “Our three main loan products are kind of what you described. We do short term operating loans when a farmer needs money for input costs or to raise this year’s crop, equipment or facilities to buy new equipment or to build or enhance the facilities they have or to buy real estate property. So those are our three main lending periods across the broad spectrum or size of customers in the Northwest.” Does that mean that you are lending officers are very familiar with agriculture? “Yes I think that is a very accurate statement David. That is something we pride ourselves on because we are a relationship lender. Being a government sponsored enterprise we can only lend to agriculture or agriculture related businesses, rural America, so we have to be really focused and expert advisers in this space because we can’t do housing loans or some of those other things that a regular commercial bank would do. We pride ourselves in being experts in agriculture.”