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Ag direct. Any one use/used it?
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Posted 6/24/2015 09:03 (#4643383 - in reply to #4642537)
Subject: RE: Ag direct. Any one use/used it?


Curt Keiser - 6/23/2015 18:00

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.


The financing thru the local office can be a pain though. The Agdirect is more focused on credit score and can use farm credit records also if you have anything. I have financed many people without FC accounts and some with it's just a lot easier with point of purchase sales. We have used Farm Credit Express but it will ONLY finance in the same state or FC district etc. If you really want a lower rate ask for Farm Credit Express. It may be more work for the retailer but the rates are even lower. It may not be available everywhere and is selective to who they will finance base on residency.
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