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Use of Loan Proceeds

  • Fertilizer
  • Seed
  • Fuel
  • Land rent
  • Animal feed
  • UCC filing charges
  • Equipment rental
  • Equipment repair
  • Tillage service
  • Custom hire
  • Crop insurance
  • Pesticides and herbicides
  • Put Options
  • Hedging
  • Feeder animals purchased and sold within the term of the loan
  • Utility bills pertaining solely to the production of the agricultural commodity
  • Labor costs directly related to planting and harvesting the agricultural commodity, excluding labor costs paid to the farmer and spouse
  • Refinance of last year's CROP loan as long as at least 60% of that loan is repaid
  • WHEDA® CROP Application fee (can be financed as part of the CROP loan, but will not be guaranteed)