Verified FBN Member (IA)
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Interest rates

What are you seeing for interest rates on operating notes going into 2020?

Verified FBN Member (AL)

Looking at 4.75% in Southeast Alabama.

Verified FBN Member (SD)

4.5%. Just took a budget note for 6%

Verified FBN Member (SD)

7.05%

Verified FBN Member (IN)

4.75% in southern Indiana.

Verified FBN Member (IL)

Was just quoted 5% variable or 5.25% fixed on a new note. North Central IL.

Verified FBN Member (MN)

Between 4.75% and 6.00% depending on the operation and line requirements in SW MN.

Verified FBN Member (AR)

6.25 Southeast AR

Verified FBN Member (MN)

4.3% currently on my operating loan west central MN

Verified FBN Member
Response deleted by author
Verified FBN Member (MN)

5.25 variable in southern mn

Verified FBN Member (NE)

4.85 variable, 5.25 fixed for 3 years Northeast NE

Verified FBN Member (SD)

4.75 from east central SD

Verified FBN Member (MN)

4.75 south central mn

Verified FBN Member (IL)

5.25% variable in IL banker said it will most likely go down before the end of the year

Verified FBN Member (WI)

4.4%

Verified FBN Member (IN)

Someone explain the wide variation. Prime rate is the same across the country. Banks borrow all at the same rate so why is there **** a 2% variance?

Verified FBN Member (MN)

Likely depends on the type of loan... how much collateral do you have... how much risk does the bank have

Verified FBN Member (MN)

Could also be credit union vs small town for profit bank vs big corporate bank vs. Ag lender banks

Verified FBN Member (MN)

I have friends and neighbors at different banks that pay 1-2% higher. My banker says part of that is based off of risk. My bank is ag only maybe that’s why there so low??

Verified FBN Member (ND)

6.5% south central nd variable

Verified FBN Member (MO)

Honestly I only borrow what money is 0% through fbn and jdf

Verified FBN Member (SD)

No rental ground or unexpected breakdowns?

Verified FBN Member (MN)

My opinion is you are giving up some of the easiest money you can make by giving up 6+% cash discounts.

Verified FBN Member (KS)

5.5 NE Kansas

Verified FBN Member (KS)

7% NW kansas

Verified FBN Member (MO)

3.99 Missouri

Verified FBN Member (MN)

My lending bank is a co-op. Getting a dividend based off of 1% of 2019s highest balance.

Verified FBN Member (MN)

4.25 south central Minnesota.

Verified FBN Member (ND)

Curious if these are lump sum loan payment or revolving lines of credit. For example $100,000 operating loan distributed all at original date of loan or throughout the year as needed. Banker is saying that I should be happy with 6% interest because it’s a revolving loan.

Verified FBN Member (MN)

My 4.3% variable rate is a revolving loan. Only requirement is interest is zeroed out at renewal

Verified FBN Member (KS)

Get a new Banker

Verified FBN Member (SD)

Im with *****, mine is the same as his only 4.5, you need to find a new banker

Verified FBN Member (ND)

What is FBN at for a rate

Verified FBN Member (IA)

They quoted me over 8% by the time I factored in the originating fee..

I was a little thrown off by that..

Verified FBN Member (NE)

e-mail today.

191127 - FBN Finance email banner

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Verified FBN Member (SD)

I would be right on that if there was any good land up for sale. Except it doesnt cash flow sooo....

Verified FBN Member (KS)

5.76% variable western KS thru High Plains Farm Credit

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