Farm equipment is essential for agricultural success, but financing can be challenging. This article by Legacy Ag Credit will explore how farm equipment loans can help farmers and ranchers in Texas acquire necessary machinery without overwhelming their budgets. These loans cover various equipment types, from tractors to high-tech tools, allowing for manageable payments over time. Explore financing options, including traditional loans, leasing, and alternative financing, and how to secure competitive loan rates. Factors influencing these rates include local economic conditions and the borrower’s credit history. Find tips for obtaining the best rates include improving credit scores, shopping around, and considering larger down payments.

Barndominiums are a niche type of structure that's rapidly gaining popularity, especially in the Lone Star State. These versatile buildings can serve as both a residence and a place of business, making them ideal for those embracing the rural or ranch lifestyle. When it comes to financing your dream barndominium, you have several options to choose from. Let's look at the main types of financing available: traditional mortgages, construction loans, and barndominium-specific loans.

Texas farmers encounter a variety of obstacles that impact their operations and profitability. Understanding these challenges is crucial to develop strategies for continuous growth. Let's explore some of the most pressing issues facing Texas agriculture today, and how farm operating loans can lend a hand.

Cattle ranching has been a vital part of the Texas landscape and economy for generations. As a trusted lender with deep roots in the Lone Star State, Legacy Ag Credit understands the importance of sustainability in cattle ranching. Sustainable ranching can help protect our diverse ecosystems and the natural beauty that makes our state so great. Learn more, if you're a rancher who seeks to balance production with environmental stewardship, ensuring a thriving future for their operations, the land they depend on, and the next generation of ranchers.

Explore refinancing property loans in Texas, specifically land loans and rural home loans. Refinancing allows you to replace your existing loan with a new one with potentially better terms, like lower interest rates or reduced monthly payments. The article reviews refinancing land loans is less frequent than home loans due to the nature of land investment. Benefits of refinancing a land loan in Texas include potentially lower interest rates, reduced monthly payments, extended loan terms, and unlocking equity for other uses. Factors to consider before refinancing include your financial goals, credit score, current market conditions, and closing costs. Legacy Ag Credit offers land loan refinancing services specific to the needs of Texas landowners.

Grier attends FCBT Association Leadership Program

Legacy Ag Credit Announces Director Election Results

Proper farming equipment will enhance your operations with greater efficiency and productivity. Questions arise about how much a farmer should invest in equipment. What type of farming equipment should you choose, new or used? What about maintenance and repair? Are there any state programs available to new farmers? We'll answer these questions and more in our guide for farmers starting out in the agriculture business.

The allure of sprawling Texas landscapes, with its farmlands and serene rural settings, calls many to pursue farm life. Land loans in Texas serve as a bridge for those who dream of rural living, whether it's managing a farm, breeding horses, or simply enjoying nature. This post will take a deep dive into land loans, the different types of loans available, key terms borrowers should know, tips to improve credit scores, budgeting tools, and so much more. Get ready! You're dreams of owning a bit of Texas are this much closer to reality.

Whether your dream is to open a boarding stable, run a riding stable, or other services, a well-thought-out business plan is your first step towards success. It not only serves as a blueprint for your business's future but also plays a crucial role in securing equestrian loans and horse farm financing. Let's dive into the why and how of creating a business plan.

Grasping the nuances of land loan calculations is fundamental for farmers and ranchers looking to secure their operations' future. It's not just about knowing how much you can borrow; it's about understanding how the loan aligns with your long-term goals and current financial situation. A well-structured land loan can be the difference between just getting by and truly thriving on your land. This article reviews the factors come into play when calculating a land loan, each important in its own right.

Legacy Ag Credit awarded $10,000 in grant funding divided between two organizations to assist their efforts to support the next generation of agriculturists.

Legacy Ag Credit presented Como-Pickton ISD with a $10,000 check for the repairs and renovation of their greenhouse following the June 2023 storms. Pictured left to right: Legacy Ag Credit Canton Branch Manager Joseph Grier, Como-Pickton CTE Director Michael Bowen, Como-Pickton Ag Science Teacher Rachel Claxton, Como-Pickton Ag Science Teacher Justin Asbill, and Legacy Ag Credit CEO Derrell Chapman.

In our fast-paced, high-tech world, the idea of a simpler, more open-concept home design is suddenly causing quite the frenzy across generations. Those used to the compact, universal designs of the city are venturing outward and developing newer, fresher homes that speak to the cozy dynamic that can’t be found in the hustle and bustle of more urban areas. The answer is a barndominium! Taking new construction design enthusiasts by storm, barndominiums have become the sweet spot for people looking to downsize (or upsize from a rental) to a more unique and elevated “mini home.” If a barndominium has been on your radar or you’re looking for new design ideas to get you inspired, keep reading! In this blog, we’ll be discussing all things barndominiums and how you can finance your dream barndominium with help from Legacy AG Credit.

Legacy Ag Credit members Matthew and Amanda Hazel of Fruitvale, Texas took their interests in agriculture to Capitol Hill on June 22, 2023.