Beginning Farmers

Do you want to start up a farm, but have financial concerns? Luana Savings Banks wants to help you!

Between our services and government programs, almost anyone can become their own boss and run their own business - in agriculture!

Government Programs

The first step to owning your own farm is stopping in and sitting down with one our Agriculture Professionals.

If you aren't able to qualify for traditional bank loans to start your farm, government agencies such as the U.S. Department of Agriculture (USDA) Farm Services Agency (FSA) and Iowa Agriculture Development Division may be able to help. And if you turn to a government program for help, we'll still be here for you, guiding you in the right direction and helping you through the application process.

General Government Program Information Overview
  • Required Down Payments are lower than traditional bank loan requirements
  • Better terms & rates may apply
  • Applicants must be at least 18 years old
  • Cannot presently or previously have owned a significant amount of farmland
  • Must be the operator of the farm
  • Must have training or background in production agriculture
  • Must have access to equipment necessary to operate the farm/project