Input Finance


LEARN MORE ABOUT THE COOPERATIVE FINANCE ASSOCIATION

The Cooperative Finance Association (CFA) is a financial service cooperative with more than 140 local and regional cooperative members utilizing the Input Finance Program (IFP). IFP originated in 1988 and is strongly supported by our membership. The program is administered through a joint effort between MKC and CFA.

Production Ag Loans

Pre-pay Seed and Chemicals

  • 0.0%* fixed until 3/31/2020 on seed pre-pay (row crop and alfalfa) and chemical from MKC.

Crop Inputs
  • 3.25%* variable until 12/31/2020 on fertilizer, chemical, application, services, seed (wheat and cover crops) purchased from MKC.

Simpli-Fi by CFA
  • Production Ag Loan up to $350,000 to finance all of your puchases from MKC. A simple, one-page application is all you need to start the loan process with CFA.

Input Advantage Loan
  • Complete Financing Option for all of your farming operations up to $4,000,000. The loan process starts with a short, two-page application and submission of requested financial information to CFA.


2020 Crop Input Finance Program Details

Loan Types Secured or unsecured (depending on loan size and credit quality).
Application Process Simple application process. Credit application and collateral worksheet.
Interest Rates Variable rate (contact us for interest rate quote).
Collateral Requirements Lien position, assignment of insurance, buyer's notification and collateral requirements are based on loan size and credit quality.
Finance Program Subject to CFA Credit approval and $200 loan fee advanced on the loan
Repayment Terms Maturity date: 2/15/2021. No pre-payment penalty.
Loan Fees $200 per year for crop production loans. One loan covers all crops. 
Approval Time Typically, a credit decision is communicated to MKC as early as 48 hours of receiving a completed application. 


*As of July 1, 2020, variable interest rates are based on the CFA Advantage Rate. CFA interest rate indices are published here.  
 

COMPLETE THE INPUT FINANCE PROGRAM LOAN PROCESS

The documentation required to complete the Input Finance loan application process is based on the amount of loan. Documentation should be sent to the attention of the Credit Manager at MKC, P.O. Box D, Moundridge, KS, 67107. You may also fax your information to the attention of the Credit Manager at 620-345-6330.

For loan requests less than $350,000:
For loan requests $350,000 to $500,000:
For loan requests greater than $500,000:

FAQS REGARDING MKC'S INPUT FINANCE PROGRAM

Why does MKC offer CFA to their customers?
MKC has chosen CFA as a finance partner because of their thorough understanding of farm and ranch operations, and the financing requirements necessary for MKC customers. MKC and CFA understand the input dollar needs and cash flows that go into making your operation successful and profitable. With more than 10 years of experience with this program, we are confident it offers ease of doing business and a solid financing option for our customers.

Are the interest rates variable? 
Yes. The interest rates are variable and can change during the life of the loan.

Do I have to deliver and sell my grain to MKC or purchase my crop insurance through Team Marketing Alliance?
No. While MKC and TMA specialists are always available to meet your needs, you do not have to deliver your grain to MKC or purchase crop insurance through TMA.

Do I have to re-apply each crop year?
Yes. This is a non-revolving financing agreement approved for a specific crop year.

If approved for a loan, where can the loan be used?
The loan must be used for services provided by MKC including fertilizer, seed, crop protection products, application, lime, grid sampling, fuel and crop insurance.