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 within 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.
Congratulations to Farmers Elevator
Farmers Elevator recently made a big investment into the future of their business and our community with their feed mill expansion. The expansion has modernized their operation and has greatly increased the efficiency with which they are able to make feed. Whether you sell grain or feed livestock, this will be a great asset to the local Ag Community for years to come. HNB appreciates the fact that we were able to work with Farmers Elevator on such an influential project for our local community.
Interest Rate Environment
The Federal Open Market Committee has indicated that we are headed into a rising rate economy with slight bumps with the Prime Rate in the last 24 months. This is reason enough to partner with HNB and Farmer Mac to lock in any long term financing needs you may have with your farming operation. The increase in rates will impact all lenders as well as consumers, that is why it is important to make sure you discuss this issue with your local HNB lender to see how they can serve you better. HNB is committed to maintaining a competitive rate environment to allow our customers the success they deserve.
HNB Lender Staff
HNB Bank provides you with lenders that come from farming backgrounds as well as expertise in grain marketing, and others areas associated with agricultural lending. We understand the value of having lenders with Ag experience to help understand your operation. Each farm operation is unique in its own way, HNB is equipped to help operations of any size. We can also partner you with our Investment Center and Trust Department for all of your long term goals that you have worked so hard to provide for the generations to come.