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Loan For Poultry Farm: How To Secure Agriculture Finance

Do you need a loan for a poultry farm to start your business?

Perhaps you’re looking for finance to expand your poultry farming business?

The heart of every business is the financial aspect.

You need money to carry out effective and steady operations in the business.

So, if you have an excellent idea for your poultry farm business and you need a loan but don’t know how to go about it, you’ll find relevant information here.

This post fully explores different ways to secure a loan for your poultry farm.

It does so by discussing;

  • What is a poultry farming loan?
  • Things to do before applying for a poultry farm loan
  • Various agricultural funding/poultry loans financial institutions

– How to apply for loans in each of the financial institutions

– Loan Amount

– Repayment Period

– And benefits of each platform

Overall, at the end of this post, you’ll be fully aware of the necessary steps to take to get finances for your poultry farming by applying for a poultry farm loan.

Therefore, read on to discover all you need to know.

What Is A Poultry Farm Loan?

A poultry farming loan is a form of agricultural finance for farmers.

It is designed to help farmers with the finances they need to keep the business (poultry farm) running.

A loan for a poultry farm, like other loans, is given after some requirements have been fulfilled.

Also, there has to be a form of collateral given out pending when the farmer can pay up the loan.

The repayment period is often spread out within 2 to 5 years of collecting the loan.

Registered financial institutions or private lenders offer these loans.

Now, a lot of people tend to confuse loans with grants, but they are quite different.

The significant difference between these two is that it is mandatory to repay a loan, whereas you don’t necessarily have to repay a grant (only in some exceptional cases).

Before applying for a poultry farm loan, there are certain things you need to do.

This is to enhance your chances of getting a loan.

Let’s discover what these things are.

Things To Do Before Applying For A Poultry Farm Loan

 These are some basic requirements to fulfill before applying for a loan for a poultry farm.

1.  Have Good Credits Records

Have Good Credits Records
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The importance of this cannot be overemphasized.

A good credit record will increase your chances of getting the loan you’re applying for, and a bad credit record will ruin it.

This is because your credit records provide relevant financial information or evidence about how you fulfill your financial obligations.

Your credit record shows the number of credits (money) you owe in the bank and how often you’ve tried to pay them up.

Hence, from this, the bank can tell how likely you are to pay back.

In most cases, when applying for a loan, the bank will most definitely investigate this.

Therefore, you’ll want to make sure that you have good credit records by;

  • By paying all your debts in and out of the bank
  • Avoid opening any new and closing any existing account
  • Having a current and active account.

2.  Have A Solid Poultry Farm Business Plan

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This is another thing you have to take care of before heading to any financial institution/lender to apply for a poultry farm loan.

A poultry farm business plan is a detailed document containing information on how you intend to run the business.

It puts the business in perspective and shows your plan of action in different aspects of the business.

Without this document, the loan officer/lender won’t take you seriously because there’s no evidence that you know what the business entails and how to run it.

Therefore, before heading to the bank, ensure you have a business plan ready to present to the bank.

Now, not just any business plan will do but a solid and carefully detailed one.

You could dedicate some time to research deeply about the business and create one.

Otherwise, you could hire a professional to write one for you.

Overall, your poultry farm business plan should provide information on the following;

  • Purposes/goals for the business
  • Mode/method of operations/farming activities
  • Startup costs
  • Operational costs
  • Maintenance, supply costs, etc.

3.  Relevant Experience/Knowledge of the Business

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You’ll also need to understand the poultry farming industry.

It could be experience gained from working in a similar field over the years, from taking various training in poultry farming to equip you with the right skillset.

This will prove to the bank that you have what it takes to succeed in the business.

Therefore, establishing the fact that you can make profits and pay up the loan within the expected time frame.

4.  Business Proposals

This is another useful document you’ll need to present to the loan officer/lender to enhance your chances of acquiring the poultry farm loan.

It should contain details such as;

  • How much loan you’re applying for
  • The specific reasons you want to borrow (starting or expanding your business)
  • How you intend to pay back the loan, among other things

Your poultry farm business proposal should contain quotes and estimates that aim to convince the lending officer/lender about your business’s worth/value and profit margin.

This helps the bank ascertain whether or not your business has the potentials to make enough profits to pay up the loan.

5.  Collateral

Of course, to collect a loan from the bank, you’ll need collateral.

A collateral is a physical asset you can pledge to the bank in exchange for the poultry farm loan you want to receive.

It becomes the bank’s property pending when you pay up the loan completely.

Now, for the collateral to be valid, its worth has to be equivalent to the loan you’re about to receive.

Therefore, serving as an alternative for the bank should you be unable to pay up the loan as expected due to certain circumstances.

Overall, these are some of the things you need to do before applying for a bank loan.

Now, these things may differ from region to region or financial institutions.

Nevertheless, these are some of the basic and essential requirements you need to fulfill before walking into the bank to secure a poultry farm loan.

Moving further, let’s discuss the various financial institutions where you can get a loan for your poultry farm.

Financial Institutions Offering Loans For Poultry Farm And How To Get It

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In this section, we explore the various financial institutions that offer agricultural funding/loans for poultry farms.

We also discuss how to apply for each financial institution’s poultry farm loans, requirements, and benefits.

This is to provide you with the relevant information you need to secure funding for your poultry farm business.

So, let’s dive in.

1.  Farm Mid-America Credit

This is one of the best financial institutions that give out farm loans to farmers.

This financial institution has been in operation since 1908.

 Over the years, they have shown serious commitment to helping farmers with financial problems scale their business.

They also provide loan/lending options specifically tailored to each farmer’s needs.

This is thanks to their team of experts and specialists vast in the agricultural industry that provide farmers with the best financing solutions.

Farm Credit Mid-America offers agricultural funding to farmers for various purposes such as land purchase, equipment, operational financing, etc.

Likewise, they offer long and short-term loans, crop insurance, investment options, equipment leasing, etc.

How to apply: Visit https://e-farmcredit.com/farm-loans

You’ll see various categories of loans on the site, click the one best suited to your needs, and follow the instructions.


  • It is determined by your countries zip code (at the time of writing this, the bank only lends to farmers across most counties in the states of Indiana, Ohio, Kentucky, and Tennessee).

Therefore, if you’re a farmer within these regions, you’re eligible to apply for a poultry farm loan with this bank.

  • Also, farmers must be backed by a Farm Service Agency FSA Guarantee.

Loan Amount

$75,000 – $150, 000

For loans up to $75,000, you can follow a simple online application process.

Whereas for loans above $75,000, you’ll be required to fill an online inquiry form, and a team member from the bank will contact you.

Repayment period: Offers up to a 30-years repayment term.


  • Access to diverse types of farming loans
  • Financial support specifically tailored to your needs
  • Interest rates range from 1.25% to 2.5%

Despite these many benefits, the fact that it’s limited to certain regions is a huge drawback.

Nevertheless, it’s one of the best financial institutions that offer poultry farm loans.

2.  American Farm Mortgage & Financial Services

This is also one of the best financial institutions to get poultry loans.

Also, they offer one of the best financial services to farmers and have been in operation since 1989.

They offer real estate loans to beginner farmers and ranch owners.

Hence, if you’re a beginner looking to secure farmland or a farmer looking to expand your farmland, then this might be one of the best options for you.

They offer competitive rates and a loan value of up to 70%.

However, to enjoy this, you must be enrolled in the Farm Service Agency (FSA) program.

Application method: Visit https://www.americanfarmmortgage.com

On the site, navigate to the loans page and click on inquire now to fill the inquiry form and start your application process.


  • Beginning and experienced farmers within the nation.
  • Also, interested applicants will need to enroll with farm service agency FSA.

Loan Amount

Offers a maximum loan amount of $1.5 million if you have a credit score of at least 720.

Repayment terms

It offers repayment terms of up to 30 years, competitive interest rates, and friendly payment structures.


  • Variety/flexible repayment methods
  • Impressive loan value ratio of up to 95% (only accessible with FSA program)
  • Competitive loan options and interest rates.

These benefits are pretty impressive.

However, the fact that the loan is limited to real-estate loans might be a huge drawback to many.

Nevertheless, this is one of the best financial institutions dedicated to helping farmers with the financial solutions they need to start and grow their businesses.

3.  Farm Plus Financial

This financial institution does not only offer to finance for poultry farming.

It also offers expert advice and guidance on how to maximize the loan wisely on your farm.

Therefore, as a beginner farm, this would be a great option to get the financing and financial advice you need to start and run your poultry farm.

It offers real-estate-based farm loans geared towards helping farmers achieve various farming goals such as; debt consolidation, financing existing farm operations, acquiring new farmland or farm property, expanding your farming business, etc.

Some of the basic requirements to get a loan from this financial institution include;

  • A minimum credit score of 660
  • Minimum acreage of 5 acres
  • You must have sufficient income to service all debts.
  • They require you to have a 60% debt to asset ratio, etc.

Application method: Visit https://www.farmloans.com

Click on the navigation button “apply for a farm loan to get started.”

You’ll be required to fill an inquiry form to start your application process.


Here’s a list of the basic requirements to apply for a poultry farm loan with this financial institution;

Loan Amount

The loan amount starts from a minimum of $200 000 to $25 million

Repayment terms

  • Semi-annual and annual repayment options available.


  • Low/favorable credit score required
  • Offers loans to farmers nationwide except in North Dakota
  • Offers financial support and advice

However, farmers have to provide at least a 30% down payment before securing a loan.

This can pose a challenge for startup farmers with limited finances.

Nevertheless, it’s a good financial institution that offers impressive loan services.

4.   IDBI – Industrial Development Bank of India

As can be seen from the name, this is a financial institution in India.

Therefore it only provides farming loans to farmers in this region.

The bank offers poultry farming loans for various specialized poultry farming activities such as layers farming, broilers, and hatcheries.

Likewise, it offers loans to startup and existing farmers for various purposes, such as setting up a poultry farm, equipment and feeds purchase, farm mechanization, storage facilities construction, etc.

Application Method: Visit https://www.idbibank.in/poultry-farming.asp

You can choose your preferred credit type and loan amount range you want to apply for and fill the application form.

Also, you can download the application form from the site or visit the nearest IDBI branch to get the form, fill it and submit it.


  • Must be residing in the region (India)
  • Farmers with relevant knowledge/certificate to prove expertise in the poultry farming industry.
  • Identity/address proof such as Voters ID card, passport, drivers license

Loan Amount

  • Offers credit within Rs One Lakh and above.
  • Also, it depends on the type and size of the poultry farm.

Repayment terms

It offers a repayment period of up to 5 years.


  • It offers loans specifically suited to meet various poultry farm needs
  • It does not require any outrageous credit score.

However, it is only available to people in India.

Nevertheless, it offers excellent financial support to farmers in that region.

5.  BOA – Bank of Agriculture Nigeria

This is one of the best financial institutions that offer agricultural loans in Nigeria.

It collaborates with the Central Bank of Nigeria (CBN) and other commercial banks to make agricultural fundings available to farmers within Nigeria.

Some of the basic requirements to fulfill before requesting a farming loan from this bank include;

  • You should have a property as collateral, preferably land.
  • Also, you should have ready at least a 20% down payment for the loan.
  • Have a good business plan
  • You’ll need a memorandum/article of association
  • Likewise, have a good credit history and at least a six-month record of a consistent transaction with the bank.
  • Valid ID, among other things.

Loan Application Method

You can visit any of the BOA branches around you, request a loan application form, fill it and discuss the loan process/requirements with the manager/lending officer.


Medium and large-scale poultry farmers with the essential requirements listed above can apply.

Loan Amount

It depends on several factors, such as the size of your poultry farm.

Repayment Terms

This would be revealed as you discuss loan requirements, terms, and conditions with the bank manager.


  • Low upfront payment required.

However, loans with this bank are only accessible to Nigerian farmers.

Nevertheless, it’s one of the best financial institutions that give Nigerian farmers the financial support they need to run their businesses.

Final Words on Loan For Poultry Farming

Overall, these are a few financial institutions that offer financial support to farmers who need a poultry farm loan.

Poultry farming is one of the most lucrative agricultural businesses.

However, to truly succeed in the business, you’ll need capital to run various operational activities.

This poses a significant challenge to most startups and existing farmers.

Hence, the need for securing a loan for poultry farms.

The loan gives you the financial support you need to keep the business running and make profits.

With the tips in this blog post, you know how to go about your loan application process.

Best of luck!


    • Depending on your location, you can approach commercial banks or microfinance banks and ask for their requirement if you want to apply for a loan

  1. These loans are made available to those people, who are in a
    job for at least past half a year and draw a regular salary.

    The debtors must repay the loan from next salary cheque.
    Your lender will approve your loan


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