Farm land and property are at the heart of any Ag business, which is why we make financing land an integral part of the services we offer at First Independent Bank. For over 100 years, we have helped aspiring and experienced farmers imagine the possibilities of the future. Together, we work to make that future a reality with farm mortgage loans, rural land loans, and more.
Minnesota's agricultural land market has been surprisingly stable, even with the significant swings in the commodity market. Glen Fladeboe, one of the second-generation owners of the farm real estate brokerage and auction house Flabedoe Land says, “Whether it lasts is yet to be determined, but we've seen particular strength in the farmland market in the fall of 2020." Read more on that here.
First Independent Bank understands the continually changing nature of any agricultural business. Many of our lenders grew up on farms in the area. Our real estate loan programs offer the flexibility to fit your land purchase, development, and other farmland financing needs. Whether you’re buying property for production or construction, improving existing land, or need financing for agricultural improvements, First Independent Bank has a program designed to help your business grow.
Regardless of whether you are a first-time land buyer or are looking to expand a farm that has been in your family for generations, First Independent Bank can tailor our loans to fit you, whatever season you are in. As a community bank, we have a long history of helping farm clients grow. We are passionate about serving the local community and have partnered with farmers to help keep farming a vital part of the southwest and central Minnesota communities.