Investors have a variety of options when it comes to ranch financing. From USDA FSA loan programs to commercial lending institutions, it can be fairly easy to get the funds you need to start or grow your Wyoming ranch.
The U.S. Department of Agriculture (USDA) through the Farm Service Agency (FSA) has put three main programs in place to help finance your Wyoming ranch. In Wyoming, all of these loan programs can be accessed though the Wyoming Business Council.
The programs are;
Additionally, there are several other Federal backed financing options that you can consider. These include;
Ranchers can also apply for grants through the National Institute of Food and Agriculture (NIFA), the Sustainable Agriculture Research and Education Program (SARE) and the Aggie Bonds Programs.
Farm Credit Cooperatives are another great option for new and beginning ranchers looking to acquire loans to finance their Wyoming ranch. As cooperatives owned and directed by farmers, these credit bodies are very sensitive to the needs of next generation producers because the farmers are already aware of the challenges of starting out.
Three other credit cooperatives that you can approach include; AgCountry Farm Credit Services, the Farm Credit Council, and Greenstone Farm Credit Services.
Finally, ranchers can also get loans from banks and other commercial lenders. The Bank of America and the US Bank in particular have shown serious interest in funding agricultural startups.