Beresford SD | carlsoncl - 6/22/2015 23:23
Ag Direct is a point of purchase financing program. It a brand created and owned by Farm Credit Services of America based in Omaha. The program was launched...I'd say 16 years ago. I believe FCS of America has partnered with other associations and is now offering this service in many states outside Wyoming, SD, Nebraska and Iowa. Yes, If I need financing for any machinery I use Ag Direct as the rate is cheaper than going through my financial officer for a term note or my LOC at FCSA. I believe the loan is eligible for patronage as well.
You will not receive dividend in Ag Direct loan so effective interest cost is same as going through Farm Credit.
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Ag direct. Any one use/used it?
