Minnesota is the nation's third-largest hog-producing state and pork is critical to our state’s agricultural economy. Though swine farmers (and farmers in general) are no strangers to navigating difficult times, the last six to nine months have been tough for our friends in the swine industry.
Based on lean hog futures, it looks like times could remain tough through February or March of 2021. But First Independent Bank stands ready and willing to help; we understand your operation and can offer sound financial advice.
Ag lending is an area of personal passion and focus for First Independent Bank’s team of lending professionals. Our staff understands the farming business, and many have grown up on farms in the area. First Independent Bank has provided financial and strategic support for farm owners at all stages of their businesses.
We have helped start new operations across the state of Minnesota with family farm loans or livestock loans. We have partnered with farms to expand production and performance with farm equity lines of credit or ag equipment financing. And we can help make farming a business that works for you.
Many types of loans are available for your livestock business.
- Land purchases
- Equipment purchases or leases
- Buildings, including construction
- Facility improvements or expansion
- Livestock purchases
- Operating needs
Whether you want to expand your swine farming business or begin an agricultural enterprise of sows, breeding stock, farrow-to-feeder, or finishing operations, our loan officers will work with you to find the best financing arrangements for your project.
Great people and families have built the hog farming industry in Minnesota. We’re here for you and stand with you to weather these challenging times, not only because we are strong supporters of the community and our friends who are farmers, but because feeding the world is the most honorable of roles and the noblest of professions.
Reach out and contact one of our bankers if you have questions or would like to discuss the status of your swine farming business.