The interest rate for new FreshRoots variable operating and real estate loans is:
7.00% effective April 1, 2024

Young & Beginning Farmer Loans

Farmers 40 years of age or younger or in their first 10 years of farming can start smart with assistance from Farm Credit Illinois.


Lending Assistance

  • Pricing Discount

    Receive an interest rate reduction for the first five years of each loan. You can leverage FreshRoots pricing on up to $1 million of farm real estate loans and $500,000 of operating loans.

  • Relaxed Lending Standards

    Your finances look a lot different than an established farmer. FCI uses minimum underwriting standards when reviewing young and beginning farmer applications, helping more loans get approved.

  • Subsidized FSA Guaranteed Fees

    Eligible farm real estate loans have the 1.5% FSA guarantee fee paid for by FCI. Plus the cooperative doesn’t charge lender fees at closings.



How to Apply

Prepare the following documents before submitting a FreshRoots financing application using FCI’s free, downloadable templates linked below or your own.

Need a hand completing the forms? Contact a farm lender

Participants must provide a fiscal year-end balance sheet annually during the five-year discount period.

Other Financial Templates


Tools & Features Working For You

  • No pre-payment penalties means you can pay off your loan at any time
  • FCI proactively reprices loans when the market provides opportunities, for free
  • Annual cash patronage retroactively reduces your interest rates 
  • Align your payment schedule with your seasonal cash flow, selecting from annual, semi-annual, or monthly options

Contact your local FCI office


Additional FreshRoots Features

Get ahead and kickstart your career at FCI.

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