Financing for Local Farmers
Farming is a way of life throughout the Midwest—built on hard work, resilience, and relationships that stand the test of time. For generations, our division banks have been proud to serve local farmers and ag producers, providing financial guidance that grows alongside their operations.
At State Bank of Herscher, we’re dedicated to supporting agriculture in every season with both lending and deposit solutions designed around the needs of your operation. Many of our Ag Banking team members are farmers themselves, bringing firsthand experience and insight to every conversation. From financing new equipment and expanding acreage to managing cash flow and optimizing working funds, we understand what it takes to keep your operation strong.
Connect with your local Ag Banker to see how we can help your operation thrive—today and for the future.
.jpg)
Agricultural Loan Offerings
Loan Type | What You Need to Know About This Loan |
|---|---|
Ag Term Loans | Designed for long-term investments such as land improvements, facility construction, or major equipment purchases. Offers fixed repayment terms and may include flexible structures based on seasonal income. |
Operating Lines of Credit | Provides flexible, short-term funding to cover day-to-day farm expenses like seed, feed, fuel, and labor. Interest is only paid on the amount used, and funds can be accessed as needed throughout the season. |
Ag Equipment Loans | Tailored for purchasing new or used agricultural machinery. These loans typically offer fixed rates and terms aligned with the equipment’s useful life. May require a down payment or collateral. |
Ag Real Estate Loans | Used to purchase or refinance farmland or agricultural property. Offers long-term financing with fixed or adjustable rates. May require appraisals, title insurance, and a down payment. |
Livestock Loans | Provides funding for purchasing or raising livestock. Terms and repayment schedules are often structured around the production cycle. May require detailed herd plans and collateral. |
Illinois Ag Invest Program Loans & Linked Deposit Program Loans | Ag Invest Program Loans are offered through our partnership with the Illinois Treasurer’s Office. These below-market fixed-rate loans can be used to purchase equipment, secure a line of credit, purchase land, and cover construction costs. |
Beginning Farmer Loans | These loans are offered through our respective partnership with various local county FSA officials and are designed to help beginning farmers overcome the increasing barriers-to-entry that they face. |
FSA Guaranteed Loans | These loans are offered through our respective partnership with various local county FSA officials and can be utilized by all producers to obtain favorable terms, including long-term fixed rates and favorable loan structure. Our experienced lenders understand the agricultural lending process and are here to help connect producers with these valuable programs and resources. |
Ag Deposit Accounts
Farming comes with its own pace, priorities, and financial needs—and your accounts should reflect that. At State Bank of Herscher, our ag deposit products are designed specifically for the farming community, offering simple, reliable tools that work when you do.
Our Ag Checking Account makes it easy to manage daily expenses, while our Ag Money Market Account helps you earn competitive interest while keeping funds accessible.
We’re proud to provide banking solutions that support the people who keep our communities growing.
Foresight Ag Checking
- No minimum balance
- 350 free debit items per statement cycle*
- Access to digital banking services
- Business MasterCard® debit card
- Compatible with treasury and cash management services
- eStatements*
- $100 minimum opening deposit
Foresight Ag Money Market
- $25,000 Minimum Balance Requirement**
- Account earns interest (tiered)
- Access to digital baking services
- Monthly statements
- Compatible with treasury and cash management services
- eStatements*
- $100 Minimum Opening Deposit
**Monthly maintenance fee applies if balance falls below the minimum balance requirement.