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 12/31/2022 on pre-pay seed (row crop & alfalfa seed only).
  • 4.5%* variable from 1/1/23 through 12/31/23.

Crop Inputs
  • 6.00%* variable until 12/31/2023 on fertilizer, chemical, application, services and seed (wheat
    and cover crops)
FarmKan
  • 8.50%* variable until 3/15/2024 on chemical 

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. The loan process starts with a short, two-page application and submission of requested financial information to CFA.

Program Details

Application Process

Input Finance Program FAQs

CFA Website


2022 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: 3/15/2024. 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 27, 2022, variable interest rates are based on the CFA Advantage Rate. CFA interest rate indices are published at here.   

COMPLETE THE INPUT FINANCE PROGRAM LOAN PROCESS

To renew your CFA loan for the 2023 crop year, please visit cfafsonline.com and complete the electronic renewal application.

CFA-online.pngCurrent borrowers who do not have an active login need to go to cfafsonline.com and click on “Register new account”. 
  1. Fill in the questions with the correct information and then submit the form to finish the process.
  2. Once submitted you will receive an email from accountservices@cfafs.com with your access information. Please check your junk or spam folder if you cannot find the confirmation email right away. 
  3. To complete the process, click the link in the email to verify your email address and then login to access your loan account information. 
  Documentation Required to Complete CFA Loan

The documentation required to complete the Input Finance loan application process is based on the amount requested. 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 $350,001- 4,000,000:

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.