Loans For Young, Beginning, Small and Minority Farmers

First South makes a concerted effort to finance Young, Beginning, Small and Minority Farmers by offering programs designed to meet the needs of 
such applicants to the fullest extent of their creditworthiness.

We recognize the special needs of these farmers and have taken steps to ensure that all facets of the credit and related services we provide are made available to them. In addition, First South has established guidelines to ensure full cooperation with governmental and private sources for credit with considering of alternative financing.

Serving the agricultural credit needs of full-time farmers is vital to the future economic base of Alabama, Louisiana and Mississippi. That is why First South pays special attention to serving the needs of this important group of farmers in our area.

In order to reflect the current demographics of agriculture, the Farm Credit Administration has adopted the following definitions:

  • Young farmer—is 35 years or younger.
  • Beginning Farmer—has 10 or fewer years of experience.
  • Small Farmer—generates less than $250,000 in annual gross sales.

Applicants not meeting the eligibility requirements or the financing guidelines for our Young, Beginning, Small and Minority Farmer’s programs may still be considered under First South’s normal guidelines.

First South may support and/or recommend government load guarantees through the U.S. Farm Service Agency (FSA) and the U.S. Small Business Administration (SBA). Endorsements by other individuals may frequently be required.

We believe that loans to Young, Beginning, Small and Minority Farmers can be written on a safe and sound basis, and we support making these types of loans a dynamic part of our overall portfolio. In the pursuit of better serving the needs of these farmers, First South is a Farm Service Agency (FSA) Preferred Lender and a Small Business Administration (SBA) Approved Lender. In order to help manage credit risk, First south recommends participation in the FSA and/or SBA guarantee programs.

How can First South help you? Please contact us today!