This week on Huntin’Land, Joe and Butch talk with Ben Elliott of Alabama Ag Credit about land loan interest rates and repayment options. We learned that land loan rates are tied to farm credit bonds, which are non-government guarantee Triple A-rated stocks used to secure funds down to the loan level. We learned that loan repayment periods vary from 15 to 30 years depending on the property size and that no points or rate lock options are available to lower the interest rate. We also discussed the options available for construction loans and revolving lines of credit and the benefits of Alabama Ag Credit’s patronage program, which can effectively reduce the cost of borrowing. Lastly, Ben shared his crystal ball predictions for the end of 2023, with two more quarter rate hikes to be expected.

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