Farm Cash Management (FCM) & Funds Held
Farm Cash Management TM is a program that combines the availability of a revolving line of credit with the return of a short-term investment account. Farm Cash Management links your operating line of credit with your AgriBank account. When cash is available, your operating loan will be paid and excess funds will be placed in an interest-earning account.
Farm Cash Management provides:
- A combination of a revolving line of credit with the return of a short-term investment
- Competitive interest rates on investment balances
- Compound interest monthly and accrues until funds actually leave account
- Access funds by draft, online or call your local branch of 1st Farm Credit Services
Details:
- Funds you invest are used by AgriBank to fund loans under the Farm Credit Act, so your earnings are not subject to state or local income taxes
-Interest rates change with the market
-Access via Online Banking
-AgriBank is the funding source for 1st Farm Credit Services
Funds Held
Funds Held is an advance payment on your loan and is therefore limited to the amount owed on the loan. Unlike Farm Cash Management, there are some limits with Funds Held. The interest rate earned in Funds Held is based on the rate being charged for your loan.
For more information, go to the Request Center.
Certain restrictions do apply, subject to approval.