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What are YBS Loans?

Published December 19, 2019

Becoming a part of the tradition of Texas Panhandle agriculture can start with small farm loans. YBS loans (Young, Beginning and Small Loans) are loans that are geared toward helping the new generation of ag producers make their land ownership dreams into realities. There is a long tradition in Texas that is steeped in agriculture, if you are ready to become a part of that history, the YBS loan program at Plains Land Bank can be the solution.

Plains Land Bank knows how important the next generations of producers are to the future of agriculture in the Texas Panhandle. We offer flexible underwriting standards to young, beginning, small farmers & ranchers to help them get the funding that they need to purchase land, expand their operations, and support when their credit history is limited.

Is a YBS Loan Right For You?

There are certain criteria that will qualify you to apply for this loan program including:

  • If you are under the age of 35 (young borrower)
  • You have been farming for less than 10 years (beginning farmer)
  • You generate less than $250,000 a year in revenue from your farm (small farm)

If you meet one of or all of the above criteria you may be eligible to apply for and secure a YBS loan. There are some unique benefits to this type of loan that you may not be able to find with other conventional loan products.

Benefits of a YBS Loan

Working with a land lender can sometimes be difficult because of the loan constraints. A YBS loan allows concessions like allowing the additional time that may be needed to assist applicants with the real estate purchase process.

These types of loans recognize the YBS borrower's unique challenges and work with the borrower to work around the circumstances. In other words, these types of loans are set up for success. Plains Land Bank will also facilitate loan processing with other lenders, such as the Farm Service Agency, for down-payment assistance.

This Can Be The Right Opportunity

If you are ready to expand your farm, grow your operation, or you are just in the fledgling stages of starting your farm, the YBS loan program may be the opportunity you have been searching for. Learn more about eligibility and how to apply today by stopping into Plains Land Bank or giving us a call!