Lake Gazette

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HNB Agriculture Edition

Kenneth Shaver, VP/Branch Manager
Monroe City, MO

HNB and Farmer Mac

HNB Bank has been a partner with Farmer Mac for many years.  Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities.  As the nation’s premier secondary market for agricultural credit, Farmer Mac provides financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from the access to flexible, low-cost financing and risk management tools.

Farmer Mac is often able to provide the lowest cost of borrowing to agricultural and rural borrowers.  HNB is able to offer fixed rate financing on Ag Real Estate for up to 30 years through our partnership with Farmer Mac.

Farmer Mac has made improvements recently that will help get more operations to qualify for their fixed rate loan products.  Including more favorable Loan to Value requirements and a simplified underwriting system.  Contact your HNB Lender to learn more.

 

Interest Rate Environment

The US Prime Lending Rate has steadily increased over the past couple years.  While rates are still on the low side when looking at what rates were 10, 20 or 30 years ago, the rising rate environment still has an impact on your operation as well as HNB as a lender.  It is important to make sure you discuss this issue with your local HNB lender to see how this may affect your operation.  HNB is working every day to keep our rates as competitive as possible in the market.

HNB Lender Staff

HNB has local lenders that combine experiences from many years of grain marketing experience as well as many being from farm backgrounds.  We understand the value of having lenders with ag experience to help understand your operation.  Our staff prides itself on understanding your business and nobody is rooting harder for your success than your lender is.  HNB offers financing on all types of ag related needs that may arise and we work with any size of operation big or small.