Why CFA? 

CFA offers a full range of financial products and services to agricultural cooperatives and their customers. Our membership-based services include term loans, single-purpose inventory financing, point-of-sale production agriculture financing, and more.  Our one year crop notes are non-revolving and you must re-apply each year.

 

Loan Purposes

  • Full crop production loans (Simpli-Fi or Input Advantage Loan)
  • Grain inventory loans (Input Advantage Loan)

 

Loan Types

  • Secured or unsecured loans (depending on loan size and credit quality)


Application Process

  • Simple application process
    • Credit application
    • Collateral worksheet


Interest Rate

  • Variable rate (contact us for interest rate quote)


Collateral Requirements

  • Lien position, assignment of insurance, buyer’s notification and collateral requirements are based on loan size and credit quality


Repayment Terms

  • Maturity date:
    • Simpli-Fi Loan - on or before January 15th, 2021
    • Input Advantage Loan – on or before January 15th, 2021
  • No pre-payment penalty


Loan Fees

  • $200 per year for crop production loans
  • One loan covers all crops


Approval Time

  • A credit decision is communicated to Farmers Coop once a completed application has been submitted depending on type of loan application.  Simpli-Fi loan applications could take longer due to original copies having to be mailed to CFA office in Kansas City.

 

 

INPUT FINANCE PROGRAM LOAN PROCESS

For loans less than $350,000

 

For loan requests $350,000 to $500,000

 

For loans greater than $500,000

 

Contact Information:

Brad Scheer - Controller (316-542-3182)

Ryan Graf - Grain Manager (316-542-3182)

Doug Scheer - Outside Sales (316-772-2014)

Shawn Talkington - Outside Sales (620-340-7626)

James Renner - Agronomy Manager - (316-217-5024)

Doug Bates - Agronomy Sales - (316-772-1423)