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Young, Beginning, Small Farmers : What You Need to Know

Published January 10, 2020

How do you know which lender is the right choice to finance your first farm? If you haven't already, you should consider asking a Plains Land Bank lender about our YBS loan program; this loan program is ideal for farmers or ranchers who are just starting out and looking to bring their dream to life.

As with any farm loan, you need to make sure you qualify before you apply. Here's what you need to know before you apply for the YBS loan program.

YBS: Young, Beginning, Small

The YBS loan program covers a very specific range of borrowers. To qualify, a farmer or rancher must either be:

  • Young: under the age of 35 at the time of the loan transaction;
  • Beginning: in possession of 10 years or less of experience at the time of loan transaction; or
  • Small: producing less than $250,000 annual gross sales.
  • Plains Land Bank understands that the future of agriculture depends on a new generation of ag producers. We offer flexible underwriting standards to accommodate the needs of producers who are just beginning their farm or ranch.

A Good Local Land Lender is On Your Side

Applying for ranch or farm loan financing can be a complicated, time-consuming business. Farmers and ranchers should work with banks and credit unions they can trust.

There's a good chance that you'll be with that particular bank or credit union for the duration of your loan; do your research and go in prepared before choosing your local land lender.

Find a lender that will help you through the application process and give you the time you need, from application to closing, to make sure all your real estate affairs are in order. It's also helpful to find a bank that will work with the Farm Service Agency programs to help you secure the down payment for your land purchase.

Building the agricultural empire of your dreams isn't impossible; start investing in your future today with a YBS loan from Plains Land Bank.

Association Headlines

Financing Your Farming Dream

Your dream is to farm, but you haven't found the lender to help get you started. Plains Land Bank is the right bank to help turn your dream into reality. We understand the farmer's needs and will prove to be a great resource for financing your farming dream.

High School Scholarship Program

We are offering four $2,000 scholarships to four deserving Texas Panhandle high school seniors.

Young, Beginning, Small Farmers : What You Need to Know

How do you know which lender is the right choice to finance your first farm? If you haven't already, you should consider asking a Plains Land Bank lender about our YBS loan program; this loan program is ideal for farmers or ranchers who are just starting out and looking to bring their dream to life.

What are YBS Loans?

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.

Are You Eligible For a Farm Loan?

One of the best things that you can do to learn more about obtaining a farm loan is to align with a bank that can help you navigate the process. There are a lot of misconceptions about a farm loan and who is eligible as a borrower. By partnering with a bank that specializes in farm loans, it will not only increase your knowledge but your success.

The Legacy of Agriculture in Texas and How Farm Credit Keeps It Thriving

Plains Land Bank has helped to build the agricultural legacy in Texas. Whether it was a small family farm loan or a loan for operation expansion, there is no denying that Plains Land Bank loan programs have played a key role in Texas agriculture.

Your Guide to Farm & Ranch Financing

Whether you have an established farm, or if you are looking to obtain one, it is wise to consider your finance options before you commit to a piece of property.

2019 Board of Directors Election Results

Jerrell Key, Dennis Babcock and Don James, candidates for the Plains Land Bank 2019 Board of Directors, were elected or re-elected to a 3 year term beginning in June 2019.

Plains Land Bank Stockholders Participate in Farm Credit Young Leaders Program

The Terhunes, member-borrowers of Plains Land Bank, were among 27 agricultural producers selected for 2018 Farm Credit Young Leaders Program.

Stockholders Gather for Association Business and Patronage

Plains Land Bank customers came together for regional stockholder meetings on March 27 and 29. Customers conducted official business and collected checks for 29.64% of the interest paid in 2017, a total of $7.1 million.

Notice Regarding Frost Bank Lockbox Security Incident

We recently learned that Frost Bank is investigating a security incident involving unauthorized access to electronic check images stored in Frost Bank's lockbox software program that serves about 470 of Frost Bank's commercial customers.

Plains Land Bank Stockholders Participate in 2017 Farm Credit Young Leaders Program

Dane and Lori Mullins of Silverton, Texas, recently learned how Farm Credit uses its cooperative structure and unique funding mechanism to lend support to rural communities and agriculture across the United States. Mr. and Mrs. Mullins represented their lender, Plains Land Bank, at the 2017 Farm Credit Young Leaders Program in Washington, D.C., and New York City.

Stockholders Celebrate 100 Years and $6 Million Patronage

Plains Land Bank customers gathered for regional stockholder meetings on March 28 and 30 and collected checks for 30% of the interest paid in 2016, a total of $6 million.

Plains Land Bank Stockholders Participate in 2016 Farm Credit Young Leaders Program

Justin and Lacee Freeman of White Deer, Texas, recently saw firsthand how Farm Credit's cooperative structure and unique funding mechanism enable it to help rural communities and agriculture thrive.

Plains Land Bank Distributes $6.75 Million in Cash to Customers

Plains Land Bank will distribute $6.75 million of its 2015 earnings to borrowers in early April. Over the past 12 years, Plains Land Bank has returned an average of 23 cents of every dollar that borrowers have paid in interest in the form of patronage checks at stockholders meetings.

Stockholders Re-Elect Directors

At Regional Stockholder meetings held April 5 and 7, stockholders re-elected Don R. James, Dennis Babcock, and Tim Stedje.

Plains Land Bank Stockholder Participates in 10th Annual Farm Credit Young Leaders Program

Steven Ebeling of Plainview, Texas, recently got an inside look at how Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services.

Scholarship Recipients for 2015-2016

In its eighth year, the Plains Land Bank scholarship program at West Texas A&M University (WTAMU) once again identified four outstanding individuals as scholarship recipients. Students were recognized at the WTAMU Ag Day celebration September 11.

Members Hear Good News at 2015 Regional Stockholder Meetings

This year's regional stockholder meetings, held March 31 and April 2, were marked by positive comments and reports of record-setting financial results, presented by Panhandle-Plains Board Chairman Randy Darnell and Chief Executive Officer Gregg Lloyd.

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