Louisville, KY (PRWEB) March 01, 2012
February 29 – otherwise known as Leap Day – rolls around every four years. And this year, agriculture lender Farm Credit Services of Mid-America is taking that extra day as an opportunity to offer special savings to farmers on their operating loans. Farm Credit is celebrating the 366 days of the 2012 Leap Year with a 3.66% fixed rate operating loan for up to 366 days. Operating loans fund day-to-day farming needs such as feed, seed or fertilizer.
“The leap year inspired our 3.66% fixed rate operating loan. It allows customers to enjoy rates that are generally only available on variable rate products while still being protected from the unpredictability of the market,” said Mark Hancock, Vice President of Finance. “Weather and commodity price fluctuations are two prime examples of why securing a fixed rate operating loan can provide peace of mind for the customer.”
Hancock shares his enthusiasm about the promotion, “Offering special savings to farmers on their operating loans is something to get excited about. From now through the end of March, farmers can secure a fixed rate operating loan for 3.66% for up to 366 days.”
Farm Credit invites customers to visit their local office for more information on application and eligibility. The deadline to apply for the 3.66% fixed rate loan is March 31, 2012 and all loans must be closed or renewed by April 30, 2012.
About Farm Credit Services of Mid-America
Farm Credit Services of Mid-America is an $18 billion financial services cooperative serving more than 92,500 farmers, agribusinesses and rural residents in Indiana, Ohio, Kentucky and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating loans,equipment loans, and housing loans. FCS also provides an array of financial services, including crop insurance and leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at http://www.e-farmcredit.com.