AgQuest exists to support the business relationship between you and your cooperative by providing the highest quality and most comprehensive financial products and services. Since AgQuest is owned by UFC and other cooperatives, when you utilize AgQuest Finance and Insurance you are doing business with a company you own, which makes you and your cooperative stronger! Through the AgQuest program, UFC becomes a one-stop source for everything you need.
Designed to create a dynamic link between agricultural producers and their locally-owned and managed grain and farm supply retailers. Companion is a traditional full-operating line of credit that rewards the patron/producer with competitive product costs and operating interest rates based on the customer’s volume of input purchases and the amount of crop marketed through the participating retailer. Revolving and second year loan options are available.
An unsecured line of credit up to $150,000 that can be used by patrons of your local farm supply retailer (see participating retailers below), allowing greater flexibility to purchase input financing in one convenient program. Companion Direct has the advantage of minimal paperwork and quick decision time.
Going a step further than Direct, but remains a product that is used for purchases from your local farm supply retailer (see participating retailers below) only. Credit available is increased to up to $300,000 and a best available lien position is taken.
Long-term loans collateralized by real estate, which generally includes unimproved farm ground, rural residences and traditional farm sites. Not to be used when the value of the real estate is primarily derived from facilities/improvements.
Intermediate term loans collateralized by all the borrower’s machinery and equipment inventory. A priority position on machinery and equipment is required.
Secured with real estate that is improved with a livestock facility such as swine finishing barns and dairy milking parlors or other types of real estate fixtures such as grain bins and machine sheds.
One of the fastest growing ways of acquiring equipment in business today. Leasing can put the equipment to work for you with real cash flow advantages without using major capital investment. Leases are through our sister company Northland Capital!
*still available for crops that don't qualify for YP
Insurance covers the risk of price declines for feeder cattle, fed cattle and swine. It provides producers an indemnity if a regional or national cash price index falls below an insured coverage price. Similar to a put option, the LRP policy is price insurance only, providing single-peril price risk protection for the future sale of insured livestock.
Insurance offers protection against a decline in the feeding margin for cattle and swine. An indemnity is paid if the insured gross margin is greater than the total actual gross margin at the end of the insurance period.