Bank of Oakfield offers three types of Agricultural Loans.

Real estate and personal property loans can have either a variable interest rate or a fixed rate. Interest rates are determined based on a formula calculation of financial statement strength, cash flow, and loan to collateral ratio. Bank of Oakfield offers competitive rates.


Ag real estate loans are used to purchase or refinance land, buildings, and/or facilities. These loans generally have a 10 to 25 year amortization. Payments can be made monthly, quarterly, semi-annually, or annually. Our rates are very competitive and we custom design the terms to fit your individual needs.


Personal property loans are for the purchase or refinancing of livestock and/or machinery. Amortizations vary between 3 and 7 years. Payments can be made monthly, quarterly, semi-annually, or annually.


Revolving lines of credit are an excellent tool used to manage operating costs. Take advantage of discounts offered by your suppliers by utilizing the revolving line of credit. Transfers from your revolving line of credit to your checking account can be made by telephone.

Include the following information to make a loan request:

  • Current Financial Statement
  • Past 3 years Tax Returns
  • Milk production records from the past 3 years
  • Business Plan including projected income and expense for next 12 months
  • Background on farm operation and plans for the future

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